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This calculator will help you in understanding how investments under section 80C
will reduce your tax implication.
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Enter the details of investments eligible for tax deduction under section 80C
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The amount of investments already made during year (user input) under 80C.
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Maximum limits available under section 80C for investment
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Enter the amount you have invested in recognized Provident Fund during the year
(don't consider repayment of loan) (Rs.)
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Enter the amount you have invested in Statutory Provident Fund during the year (don't
consider repayment of loan) (Rs.)
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Enter the amount you have invested in Public Provident Fund during the year (don't
consider repayment of loan) (Rs.)
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Enter the amount you have invested in an approved Superannuation Fund during the
year (Rs.)
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Enter the amount you have invested in invested in NSC, KVP and other government
saving scheme(include accrued interest for the year) during the year (Rs.)
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Enter the amount you have invested in ULIP (Unit linked Insurance Plan) of UTI and
LIC during the year (Rs.)
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Enter the amount you have invested in a bank fixed deposit with a 5-year or above
tenure during the year (Rs.)
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Enter the amount you have invested in ELSS (Equity Linkes Savings Schemes) (Rs.)
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Enter the amount you have invested in the Pension Fund of UTI (Retirement Benefit
Plan) and Templeton (Templeton Pension Plan) (Rs.)
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Enter the amount you have paid for your child's education during the year (Rs.)
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Enter the amount you have invested in an annuity plan of LIC (such as New Jeevan
Dhara, New Jeevan Akshay) (Rs.)
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Enter the amount you have invested in the Home Loan Account scheme or Pension Fund
of NHB (National Housing Bank) (Rs.)
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Enter the amount you have deposited with Housing Finance Companies (Rs.)
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Enter the amount you have paid for purchase/construction of a residential house
(Rs.)
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Enter the amount you have invested in infrastructure sector (debentures and shares
of companies engaged in infrastructure development) (Rs.)
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Enter the amount you have paid as a premium for an annuity plan (section 80CCC)
(Rs.)
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Result
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Total investment you have made are (Rs.)
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The amount considered for deduction from taxable income under section 80C is (Rs.)
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You can further invest Rs.
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Your investment options are:
- Life insurance (premium that you can pay to use section 80C benefit)
- Contribution to Recognized Provident Fund
- Contribution to Statutory Provident Fund
- Contribution to PPF
- Contribution to an approved superannuation fund
- Investment in NSC
- Investment in ULIP of UTI and/or LIC Mutual Fund
- Investment in a bank deposit of tenure of 5 years and above
- Investment in ELSS
- Investment in pension fund of UTI (Retirement Benefit Plan) and Templeton
(Templeton Pension Plan)
- Investment in an annuity plan of LIC (such as New Jeevan Dhara, New Jeevan
Akshay)
- Subscription to Home Loan Account scheme or Pension fund of NHB
- Deposits with Housing finance Companies
- Investment in infrastructure
- Annuity plan (premium that you can pay to use section 80C benefit)
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Enter your gross taxable income (Rs.)
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With 80C
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Without 80C
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Your gross taxable income after considering all eligible tax deductions except deduction
under section 80C is (Rs.)
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Amount invested/paid for by you to claim deduction under section 80C. Note:
Aggregate deductions under Sections 80C, 80CCC and 80CCD shall not exceed Rs 1.50 lakh.
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Enter your age (in completed years)
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Your total taxable income is (Rs.)
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Tax payable by you including education cess and surcharge, if any is (Rs.)
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The actual tax rate applicable to you is (%)
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When you are investing under section 80C, you are saving (Rs.)
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Your effective tax rate is reduced by (%)
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