Section 80C Tax Savings Planner Calculator 2026

Yes! Section 80CCD(1B) gives an exclusive ₹50,000 deduction for NPS investments over and above the ₹1,50,000 limit under Section 80C, allowing up to ₹2,00,000 in total deductions under the Old Tax Regime.

ELSS (Equity Linked Savings Scheme) mutual funds have the shortest lock-in period of just 3 years, compared to 5 years for Tax Saver FDs/NSC and 15 years for PPF.

No. Section 80C does not exist under the new regime at all, and since that is now the default you get nothing for PPF, ELSS, life insurance premiums or home loan principal unless you opt into the old regime. The only deduction that survives for a salaried person is Section 80CCD(2) on your employer's NPS contribution, up to 14% of basic plus DA. Compare both regimes before assuming your 80C investments still save tax.

First, note that 80C does not exist at all under the new regime, which is the default. On the old regime, your own 12% EPF contribution counts towards 80C, and so does the employer's contribution to your NPS only under 80CCD(2). On a basic pay of ₹50,000 a month, your EPF alone is ₹72,000 a year, leaving only ₹78,000 of the ₹1.5 lakh cap. Add school fees and term insurance premium and most salaried people are close to full before buying a single ELSS unit.

Yes, on the old regime. The principal portion of your EMI qualifies under Section 80C, and it shares the same ₹1.5 lakh ceiling as EPF, PPF and ELSS — it is not a separate allowance. Stamp duty and registration charges paid in the year of purchase also fall inside the same cap. The interest portion is a different deduction under Section 24(b). Under the new regime neither the 80C principal nor Section 24(b) interest on a self-occupied house is available.

It depends on the instrument, and only on the old regime. Life insurance premium qualifies if the policy is on you, your spouse or any of your children, including adult and married children. PPF contributions qualify for you, your spouse or a minor child. Tuition fees are limited to two children and cover full-time courses at an Indian institution. But ELSS, NSC, tax-saving FDs and Sukanya Samriddhi deposits must be in your own name, or in your minor child's for Sukanya.

Yes, but judge them as investments, not as tax savers, because the new regime gives no 80C deduction at all. PPF still pays a tax-free return backed by the government, which suits the debt part of a long portfolio. ELSS is an ordinary equity fund once the deduction is gone, and its three-year lock-in buys you nothing you could not get from a plain diversified fund with no lock-in. So keep PPF on merit and treat ELSS as optional.