Wondering how much Tax you can save?

Your taxable income

₹6,00,000

Before Section 80C

₹33,800

After investment of ₹1,00,000*

₹0

Your tax savings*

₹33,800

Your taxable income

₹8,00,000

Before Section 80C

₹75,400

After investment of ₹1,50,000

₹44,200

Your tax savings*

₹31,200

Your taxable income

₹10,00,000

Before Section 80C

₹1,17,000

After investment of ₹1,50,000

₹85,800

Your tax savings*

₹31,200

Your taxable income

₹12,00,000

Before Section 80C

₹1,79,400

After investment of ₹1,50,000

₹1,32,600

Your tax savings*

₹46,800

* If your taxable income is ₹6,00,000, you just need yo invest ₹1,00,000 to reduce your tax liability to NIL since individuals with less than ₹5,00,000 taxable income enjoy tax rebate of ₹12,000. The above tax saving calculation includes saving on Health and Education Cess