Formula & Calculation Methodology
Total Deduction = min(150000, Sum of 80C investments) + Eligible 80D (Self/Parents)
Plan your Section 80C (PPF, ELSS, LIC) and Section 80D (Health Insurance) investments to maximize tax deductions and estimate total tax saved.
Total Deduction = min(150000, Sum of 80C investments) + Eligible 80D (Self/Parents)