Section 80C Calculator
Calculate Section 80C tax savings on your investments up to ₹1.5 lakh. Find eligible deduction, remaining limit, and estimated tax saved under the old regime in India.
About This Calculator
Section 80C of the Income Tax Act allows you to claim deductions of up to ₹1.5 lakh per financial year on eligible investments and expenses. This is available only under the old tax regime and can help you save significantly on your tax liability.
Our calculator helps you determine your eligible deduction, remaining limit, and the actual tax savings based on your income and investment amount.
Eligible Investments under Section 80C:
- PPF: Public Provident Fund (15-year lock-in)
- EPF: Employee Provident Fund (mandatory for salaried)
- ELSS: Equity Linked Savings Scheme (3-year lock-in)
- Tax-Saver FD: 5-year fixed deposit
- NSC: National Savings Certificate (5-year)
- SSY: Sukanya Samriddhi Yojana
- SCSS: Senior Citizens Savings Scheme
- Life Insurance: Premiums paid for policies
- NPS: National Pension System (up to ₹50k additional under 80CCD(1B))
- Home Loan: Principal repayment
- Tuition Fees: For children's education
Tax Savings by Slab:
- 5% slab: Save up to ₹7,500 on full ₹1.5L investment
- 20% slab: Save up to ₹30,000 on full ₹1.5L investment
- 30% slab: Save up to ₹46,800 on full ₹1.5L investment (incl. cess)
Features:
- Calculate eligible deduction from total investments
- Remaining 80C limit tracker
- Estimated tax savings based on income
- Complete list of eligible instruments
- Shareable calculation links
Frequently Asked Questions
What is Section 80C?
Section 80C of the Income Tax Act allows individuals and HUFs to claim deduction up to ₹1.5 lakh per financial year on eligible investments and expenses. This is one of the most popular tax-saving provisions available under the old tax regime, covering investments in PPF, EPF, ELSS, NSC, life insurance, and more.
What investments qualify under Section 80C?
Eligible investments under Section 80C include: PPF (Public Provident Fund), EPF (Employee Provident Fund), ELSS (Equity Linked Savings Scheme) with 3-year lock-in, 5-year tax-saver Fixed Deposits, NSC (National Savings Certificate), Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme, life insurance premiums, NPS Tier-I (up to ₹50,000 under 80CCD(1B)), home loan principal repayment, and children's tuition fees.
What is the maximum deduction under Section 80C?
The maximum deduction allowed under Section 80C is ₹1.5 lakh (₹150,000) per financial year. This limit is inclusive of Sub-Section 80CCC (pension funds) and 80CCD(1) (NPS employee contribution). However, an additional deduction of ₹50,000 is available under Section 80CCD(1B) for NPS investments, over and above the ₹1.5 lakh limit.
Is Section 80C available in the new tax regime?
No, Section 80C deductions are not available under the new tax regime (introduced from FY 2020-21). The new regime offers lower tax rates but disallows most deductions including 80C, 80D, HRA, and LTA. You must choose the old tax regime to claim Section 80C benefits.
How much tax can I save under Section 80C?
The tax saved under Section 80C depends on your income tax slab rate. If you invest the full ₹1.5 lakh, you can save: ₹4,500 at 5% slab (₹2.5L-5L income), ₹30,000 at 20% slab (₹5L-10L income), or ₹46,200 at 30% slab (above ₹10L income, including 4% cess). Use our calculator to find your exact tax savings.
What is the difference between 80C and 80CCD(1B)?
Section 80C has a combined limit of ₹1.5 lakh covering all specified investments. Section 80CCD(1B) provides an additional deduction of up to ₹50,000 specifically for NPS (National Pension System) contributions. This means you can claim up to ₹2 lakh total in deductions through 80C + 80CCD(1B) combined. The 80CCD(1B) benefit is over and above the 80C limit.
Can I claim both 80C and 80D together?
Yes, you can claim both Section 80C and Section 80D deductions together as they are separate provisions. Section 80C covers investments (up to ₹1.5L) while Section 80D covers health insurance premiums (up to ₹25,000 for self/family + ₹25,000 for parents or ₹50,000 for senior citizen parents). Both deductions are available under the old tax regime.
Is home loan repayment eligible under 80C?
Yes, the principal repayment portion of your home loan EMI is eligible for deduction under Section 80C up to the overall limit of ₹1.5 lakh. Additionally, the interest paid on home loan (up to ₹2 lakh for self-occupied property) is deductible under Section 24 of the Income Tax Act, which is separate from the 80C limit.
What is the best investment under Section 80C?
The best 80C investment depends on your financial goals and risk appetite. ELSS funds offer high returns with 3-year lock-in and tax benefits. PPF offers safe returns with 15-year tenure. For short-term goals, 5-year tax-saver FDs provide guaranteed returns. NPS offers additional ₹50,000 deduction under 80CCD(1B). Diversify across instruments for optimal tax savings and returns.