TaxAndSalary - Calculator

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📊 Tax Calculation Breakdown

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🏠 Income from House Property

Self Occupied Rented

Particulars	Amount (in ₹)
Section 24(b): Interest on Home Loan (no upper limit)
Monthly Rental Yield
Annual Rental Yield
Section 24(a): Standard Deduction of 30%

Taxable Rental Income

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🩺 Deduction u/s 80D

ℹ️ What is Covered Under Section 80D?

Health Insurance Premiums: Payments for medical insurance policies (including top-up and critical illness plans) for self, spouse, dependent children, and parents.
Preventive Health Check-ups: Expenses incurred for routine medical tests and screenings for yourself or family members.
Medical Expenditure for Senior Citizens: If a senior citizen (aged 60 or above) does not have a health insurance policy, their actual medical treatment costs (medicines, consultation, etc.) can be claimed.
Central Government Health Scheme (CGHS): Contributions made to CGHS or other notified government health schemes for self and family.

Particulars	Below 60 years	Above 60 years
Self, Spouse and dependent children	Max ₹25,000	Max ₹50,000
Parents	Max ₹25,000	Max ₹50,000
Preventive Health Check-up	₹5,000 (within above limits)	₹5,000 (within above limits)

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🏛️ Deduction u/s 80CCD(2)

Private Sector	Govt. (Central/State)
max limit up to 10% of Basic + DA (subject to the 7.5L cap)	max limit up to 14% of Basic + DA (subject to the 7.5L cap)
Basic salary is % of ₹0 or
max limit reached	max limit reached
Max Eligible: ₹0	Max Eligible: ₹0

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💰 Deduction u/s 80C

ℹ️ 80C Overview

Section 80C allows a maximum combined deduction of ₹1.5 lakh per financial year from your gross total income. This benefit is available only under the Old Tax Regime for individuals and Hindu Undivided Families (HUFs).

The ₹1.5 lakh limit is an aggregate cap shared across Section 80C, Section 80CCC (pension funds), and Section 80CCD(1) (employee NPS contributions).

Category	Contribution / Investment Option	Amount (in ₹)
Provident Funds	Public Provident Fund (PPF) ₹500 to ₹1.5 lakh per year. Min ₹500 required
Provident Funds	Employee Provident Fund (EPF/VPF) Employee's 12% contribution + any voluntary amount.
Market-Linked	Equity Linked Savings Scheme (ELSS) No upper investment limit, but deduction capped at ₹1.5 lakh.
Market-Linked	Unit Linked Insurance Plans (ULIP) Premiums up to 10% of the sum assured.
Insurance	Life Insurance Premium For self, spouse, or children only (not parents).
Fixed Income	National Savings Certificate (NSC) No upper investment limit; interest reinvested also qualifies.
	5-Year Tax-Saving Bank/Post Office FD Minimum 5-year lock-in required.
	Senior Citizens Savings Scheme (SCSS) For those aged 60+; max investment ₹30 lakh (deduction capped at ₹1.5L).
Social Schemes	Sukanya Samriddhi Yojana (SSY) For girl children < 10 years; max ₹1.5 lakh per year.
Expenses	Home Loan Principal Repayment Only for completed properties.
	Stamp Duty & Registration Charges Deductible in the year of house purchase.
	Children's Tuition Fees For full-time education of up to 2 children in India.
Section 80CCE	Section 80CCC For contributions to pension/annuity plans offered by life insurance companies
Section 80CCE	Section 80CCD(1) For an individual’s own contributions to the National Pension System (NPS) or Atal Pension Yojana (APY)

TAX AND SALARY COMPUTATION

📊 Tax Calculation Breakdown

📋 Tax Slab Information

🏠 Income from House Property

🩺 Deduction u/s 80D

🏛️ Deduction u/s 80CCD(2)

💰 Deduction u/s 80C

You've hit THE "ZERO" SCENARIO

The "Benefit" Scenario