₹12,00,000
Your tax slab (new regime)
15% — 15% slab
Best return potential, shortest lock-in
Guaranteed, tax-free returns
Life cover + savings
Section 80C benefit on principal
Max 2 children, full-time education
Post office savings, guaranteed
Bank FD with 80C benefit
Insurance + investment combo
For girl child, highest guaranteed rate
Auto-deducted from salary
Additional Rs 50,000 deduction over and above 80C limit
Start adding investment amounts above to see tax savings
Section 80C of the Income Tax Act allows deductions up to Rs 1.5 lakh per year on investments in designated instruments — but not all Rs 1.5 lakh needs to come from a new investment. Employee PF, life insurance premiums, home loan principal repayment, and children's tuition fees already count. Many taxpayers inadvertently over-invest in ELSS or PPF without realising their 80C is already partially filled. This planner maps what you've already invested and shows exactly how much room remains.
Enter amounts for each 80C-eligible instrument: ELSS, PPF, LIC premium, NSC, ULIP, Sukanya Samriddhi Yojana, tax-saving FD, tuition fees for up to two children, and home loan principal repayment. The tool aggregates all entries and shows a visual progress bar filling toward the Rs 1.5 lakh limit.
Your income is used to auto-detect the applicable tax slab (5%, 20%, or 30%). The tax saving is computed as: Unfilled Gap × Tax Rate. If you have already maxed 80C, the tool highlights that additional investments in these instruments will not reduce tax further under 80C (though returns from the investment may still be beneficial).
An optional NPS field captures Section 80CCD(1B) contributions (up to Rs 50,000 additional deduction), which is shown as a separate block beyond the 80C limit.
A salaried employee in the 30% bracket discovering their EPF contribution alone fills Rs 72,000 of the 80C limit, meaning they only need Rs 78,000 more.
A parent paying tuition fees for two children in private school who realises fees already exceed the 80C limit before any active investment.
A homeowner with a Rs 40 lakh home loan whose principal repayment in the first few years fully maxes out the 80C limit.
An employee planning their December investment declarations who wants to allocate the remaining 80C gap intelligently between ELSS and PPF.
Scope note: Section 80C deductions apply only under the Old Tax Regime. Under the New Regime, 80C deductions are not available. The Rs 1.5 lakh limit is shared across all 80C instruments — contributions above this total do not provide additional tax deduction, though the investment itself may still grow. Employer NPS contribution under 80CCD(2) has a separate limit and is not included in the 80C planner.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on publicly available tax slabs and formulas. Consult a qualified Chartered Accountant, tax professional, or financial advisor for guidance specific to your situation. Built and maintained by the WOWHOW Team with 14+ years of software development experience.
Enter your annual income to auto-detect your tax slab
Add amounts for each 80C instrument — ELSS, PPF, LIC, NSC, etc.
Watch the progress bar fill towards the Rs 1.5 lakh limit
Add NPS contribution for additional Rs 50,000 deduction under 80CCD(1B)
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