What your section 80C actually saves, and how much of it is wasted above the limit. Provident fund contributions already fill much of the allowance before any voluntary investment is made.
Also called: section 80c calculator, 80c limit.
₹30,264 saved from ₹97,000 of allowable 80C, against the 1,50,000 limit. You have 53000 of unused allowance. Every further rupee up to the limit saves ₹312 per thousand invested.
Computed from the published rates for the tax year you selected, which is not necessarily the current year. A calculation, not tax advice, and it does not know anything about your circumstances beyond the figures entered.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
Add every qualifying contribution, cap the total at the statutory limit, and compare the tax with and without it. The important output is usually not the saving but the headroom: employee provident fund, life insurance and home loan principal often consume most of the limit automatically, so an ELSS investment made to save tax may be saving none at all. The new regime disallows 80C entirely, which is what the regime comparison is for.
the deduction is capped at the limit; the saving is the difference in tax with and without itEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Tax saved by your 80C₹30,264
arithmetic identity on the cap
Open this exampleTax saved by your 80C₹46,800
boundary: the number this calculator exists to surface
Open this exampleFormula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator