Section 80C Tax Deduction Calculator – Maximize ₹1.5 Lakh Deductions & Tax Savings
Calculate your Section 80C tax deductions across EPF, ELSS, PPF, Home Loan Principal, and Tuition fees up to ₹1.5 Lakh ceiling with live tax savings by slab.
How to Use this Calculator & Formula Breakdown
Step 1: Input Financial Parameters
Enter your contributions across EPF, Home Loan, Life Insurance, ELSS, PPF, and Tuition fees.
Step 2: Instant Client-Side Computation
Select your income tax slab (5%, 20%, or 30%).
Step 3: Analyze Visual Breakdown & Amortization
Explore live interactive Chart.js donut chart, total tax saved, and unutilized cap remaining.
Mathematical Algorithm & Formula
Frequently Asked Questions (FAQs)
What is Section 80C of the Income Tax Act?
Section 80C allows individual taxpayers under the Old Tax Regime to claim tax deductions of up to ₹1,50,000 per financial year for eligible investments and expenses.
What are the most popular investments covered under Section 80C?
Key eligible options include EPF/VPF, Public Provident Fund (PPF), ELSS Mutual Funds (3-year lock-in), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Life Insurance Premiums, Home Loan Principal repayment, and Children’s School Tuition fees.
Is Section 80C deduction available under the New Tax Regime?
No. Section 80C deductions are not available under the New Tax Regime. It is exclusively available for taxpayers opting for the Old Tax Regime.
How much tax can a person save by claiming full ₹1.5 Lakh 80C?
Taxpayers in the highest 30% tax bracket save ₹46,800 annually (30% tax + 4% cess). In the 20% bracket, savings are ₹31,200, and in the 5% bracket, savings are ₹7,800.
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