Live Calculator
Tax Saving Calculator India
Estimate how much tax your deductions and planned investments could save in India, and see the post-tax cost of that decision.
This free tax saving calculator is designed for practical salary planning in FY 2026-27. It focuses on the impact of deductions and tax-saving investments rather than full filing complexity, so salaried employees can quickly estimate whether extra 80C, NPS, HRA, or home loan claims are likely to be worth it.
Inputs
Estimate how much tax your deductions can save
Add your current deductions and the extra investments or claims you plan to make. We compare tax before and after that planning step.
Estimated tax saved
₹46,800
Monthly effect: ₹3,900. Effective savings on your planned investment: 31.20%.
Tax before planning
₹2,35,560
Tax after planning
₹1,88,760
Taxable income before
₹13,80,000
Taxable income after
₹12,30,000
Planned investment amount
₹1,50,000
Additional deduction used
₹1,50,000
Post-tax cost of planning
₹1,03,200
Active regime
Old Regime
Use Cases
What this tax saving calculator helps with
Checking how much extra 80C investment could reduce your old-regime tax
Comparing the tax effect of adding NPS on top of your existing deductions
Understanding whether a planned deduction meaningfully changes your final out-of-pocket cost
Estimating whether tax planning is worth doing before the employer declaration deadline
Reference
Frequently asked questions
What does this tax saving calculator estimate?
It estimates how much your annual tax could reduce after adding planned deductions or tax-saving investments, and shows the likely after-tax cost of that planning decision.
Does 80C reduce tax in the new regime here?
No. In this simplified model, 80C investments do not reduce tax under the new regime. Eligible NPS deduction is the main new-regime tax-saving input reflected here.
Can I use this for HRA and home loan planning?
Yes. The calculator includes HRA exemption and home loan interest deduction inputs so you can see how they may affect old-regime tax estimates.
Is this the same as filing-ready tax software?
No. It is a planning calculator for salaried employees. Final tax outcomes depend on your actual income mix, eligible deductions, employer treatment, and applicable tax rules.
Why does the calculator show post-tax cost of investment?
That figure helps you understand the practical cash impact after considering the tax benefit. It can be more useful than looking at the gross investment amount alone.
Guide
How to use this tax saving calculator
Start with your annual salary income, then choose the regime you want to evaluate. If you are planning under the old regime, this calculator helps you estimate how additional 80C investments, HRA exemption, home loan interest, and NPS could change your tax outgo.
The key output is not just the gross deduction amount. The more useful view is the estimated tax saved, your monthly impact, and the post-tax cost of making that investment or claim. That makes the calculator more practical for year-end salary planning and employer declaration decisions.
If you want to compare which regime itself is better before planning deductions, use the Income Tax Calculator. If you want to estimate take-home pay after tax, PF, and deductions, use the CTC to In-Hand Salary Calculator.
Popular Searches
Queries this page is built to answer
How much tax can I save under 80C?
Is NPS worth it for tax saving?
How much tax do HRA and home loan reduce?
Should I invest more to save tax under the old regime?
What is the post-tax cost of a tax-saving investment?
Common tax-saving buckets salaried employees check
Section 80C
Useful for estimating the tax effect of EPF, PPF, ELSS, life insurance, and other common 80C investments.
NPS
Helpful when you want to model how an extra NPS contribution changes the final tax outcome.
HRA Exemption
Relevant for salaried employees who claim house-rent exemption and want to see its impact on old-regime planning.
Home Loan Interest
Useful for estimating whether housing-related deductions materially improve old-regime tax efficiency.
Tax planning note
Tax-saving decisions should ideally be evaluated alongside regime selection. A large deduction plan can make the old regime more attractive, while lighter deductions may still favor the new regime.
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