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Section 80C Tax Benefits Old vs New Tax Regime LTCG Tax on Investments Tax Saving Options for Salaried Income Tax Rebate under 87A

100.0%

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How to File Income Tax? Section 80C Tax Benefits Old vs New Tax Regime LTCG Tax on Investments Tax Saving Options for Salaried Income Tax Rebate under 87A

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TDS for Professional Fees Income Tax Slab FY 2025-26 HRA Calculator TDS on Rent What is Income Tax Return? Income Tax for NRI How to File Income Tax?

87.1%

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Term Insurance Tax Benefit TDS for Professional Fees Income Tax Slab FY 2025-26 HRA Calculator TDS on Rent What is Income Tax Return? Income Tax for NRI

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Income Tax Deductions Available

Under Section 80G, donations made to a charitable organisation are eligible for deduction from taxable income. Under Section 80E, you can claim a 100% deduction for up to 8 years on the interest on an education loan.

84.6%

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How to Save Tax with Saving Plans?

Similarly, under Section 80E, taxpayers can claim a deduction for the interest paid on an education loan for higher education. Section 80G provides for tax deduction on the amounts paid by you as donations to charities, social organisations, relief funds etc.

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Example of Tax Calculation Under New and Old Tax RegimeS

Section 80E: Amount paid out of income chargeable to tax by payment of interest on loan taken from financial institution/approved charitable institution for pursuing higher education.

80.3%

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How to Save Tax with Saving Plans?

Similarly, under Section 80E, taxpayers can claim a deduction for the interest paid on an education loan for higher education. Section 80G provides for tax deduction on the amounts paid by you as donations to charities, social organisations, relief funds etc.

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Tax Planning Income Tax Calculator TDS Vs TCS What Is ITR Tax Concepts Section 24 80DDB What is MAT? ITR-3 Form Term Insurance Tax Benefit

71.9%

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Tax Planning Income Tax Calculator TDS Vs TCS Section 80C What Is ITR Tax Concepts Section 80D Section 24 80DDB What is MAT? ITR-3 Form

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Example of Tax Calculation Under New and Old Tax RegimeS

Section 80GG: Rent paid for furnished/unfurnished residential accommodation. Section 80G: Deduction in respect of donations to certain funds, charitable institutions, etc Section 80GGA: Deduction made for making certain donations for scientific research or rural development.

60.9%

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How to Save Tax with Saving Plans?

Similarly, under Section 80E, taxpayers can claim a deduction for the interest paid on an education loan for higher education. Section 80G provides for tax deduction on the amounts paid by you as donations to charities, social organisations, relief funds etc.

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Income Tax Deductions Available

Under Section 80C, you can claim a deduction of up to ₹1.5 Lakhs through investment in any tax-saver Fixed Deposit, PPF, NSC, ULIP , or ELSS on the interest income. However, under the new tax regime, no deduction is allowed under Section 80C.

56.2%

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How to Save Tax with Saving Plans?

Section 80C, 80CCC and 80CCD(1) allow an aggregate deduction upto ₹ 1.5 lakh per financial year on eligible investments. These sections cover a wide variety of investment options, ranging from a simple life insurance plan to a hybrid ULIP among others.

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Example of Tax Calculation Under New and Old Tax RegimeS

Section 80DD: Deduction in respect of maintenance, including medical treatment of a dependent who is a person with a disability. Section 80DDB: Expenses paid for medical treatment of specified diseases and ailments.

52.9%

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Deduction for Rehabilitation of Handicapped Dependent Relative

Section 80DD covers expenditure on medical treatment, rehabilitation, and training of disabled dependents. The section provides for a deduction up to ₹ 75,000 for a disability that is classified in 40%-80% range. If such dependant is a person with severe disability, deduction amount can be claimed up to ₹ 125,000.

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How to Calculate Income Tax for Salaried Individuals?

Calculate Health and Education Cess: Add the 4% Health and Education Cess to your total tax liability. Final Tax Liability: The total, after considering all factors is your final income tax liability for the year.

38.7%

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Without Tax Saving Investments

Note: Health and Education Cess of 4% is applicable on the total tax payable.