Tax Saving Investment Planner: Maximize 80C, 80D & NPS Benefits
Old Regime Tax Saving: Up to ₹4.75 Lakh in Deductions
Under the old tax regime, you can reduce taxable income significantly through Sections 80C, 80D, 80CCD(1B), and 24(b). At the 30% tax bracket, ₹4.75 lakh in deductions saves you ₹1.48 lakh in tax annually.
Section 80C Options Ranked (₹1.5 Lakh Limit)
| Investment | Returns | Lock-in | Risk | Best For |
|---|---|---|---|---|
| ELSS mutual funds | 10–15% | 3 years | High | Young investors wanting growth |
| PPF | 7.1% | 15 years | Zero | Risk-averse, long-term |
| EPF (employee) | 8.15% | Till retirement | Zero | Already deducted from salary |
| Tax-saver FD | 6.5–7.5% | 5 years | Zero | Senior citizens |
| NPS (Sec 80CCD1) | 8–12% | Till 60 | Medium | Retirement-focused |
| SSY | 8.2% | 21 years | Zero | Daughter’s future |
| Life insurance premium | 4–6% | Varies | Zero | Only for protection, not investment |
Beyond 80C: Additional Deductions
- 80CCD(1B): Extra ₹50,000 for NPS investment (above 80C limit)
- 80D: Health insurance — ₹25,000 (self) + ₹50,000 (parents if senior) = ₹75,000
- 24(b): Home loan interest up to ₹2,00,000
- 80E: Education loan interest (no limit, up to 8 years)
Plan your tax-saving investments with the tax saving planner. Compare with the new vs old regime analysis first.