80C & 80D Tax Saver
Maximize your deductions
₹
₹0₹3,00,000
₹
₹0₹1,00,000
₹
₹0₹1,00,000
Total Tax Saved
₹19,500/yr
80C Exemption:₹50,000
80D (Self):₹15,000
80D (Parents):₹0
Mathematical Formula
How is Tax Benefit Limits (80C & 80D) calculated?
Tax Saved = [ Min(LifePrem, ₹1.5L) + Min(SelfHealth, ₹25k) + Min(ParentsHealth, ₹50k) ] × Tax Slab %
Worked Example
Suppose you are in the 30% tax slab. You pay ₹50,000 for Term Life (which is fully covered under the 1.5L limit of 80C). You pay ₹20,000 for your family's health insurance (fully covered under 25k limit). And you pay ₹40,000 for your senior citizen parents (fully covered under 50k limit). Total deduction = 50k + 20k + 40k = ₹1,10,000. Your net tax savings = 30% of ₹1,10,000 = ₹33,000!
How to Use This Calculator
1
Select your current income tax bracket.
2
Input your annual Term Insurance (80C) and Health Insurance (80D) premiums.
3
See your exact tax savings. The tool automatically applies government upper limits for exemptions.