Tax Saving Guide FY 2026-27
Save up to ₹1 lakh or more in income tax with smart investments
Section 80C — Save up to ₹46,800 in Tax (₹1.5L limit)
PPF (Public Provident Fund)
7.1% p.a., 15-year lock-in, fully tax-free maturity
ELSS Mutual Funds
Market-linked returns, only 3-year lock-in (shortest)
NSC (National Savings Certificate)
7.7% p.a., 5-year lock-in, interest taxable
Tax Saver FD
5-year FD with bank, interest taxable
Life Insurance Premium
LIC or any life insurance premium paid
EPF (Employee Provident Fund)
Auto-deducted for salaried employees
SSY (Sukanya Samriddhi)
8.2% p.a. for girl child below 10 years
Home Loan Principal
Principal repayment component of home loan EMI
Additional Tax Saving Sections
| Section | What it Covers | Limit |
|---|---|---|
| 80D | Health Insurance Premium | ₹25K (₹50K for seniors) |
| 80E | Education Loan Interest | Full interest (8 years) |
| 80G | Donations to approved charities | 50–100% of donation |
| 80TTA | Savings account interest | ₹10,000 |
| 24(b) | Home Loan Interest (self-occupied) | ₹2 lakh |
| 80CCD(1B) | NPS additional contribution | ₹50,000 extra |
| HRA | House Rent Allowance exemption | Least of 3 conditions |
Calculate Your Tax Savings
Use our Income Tax Calculator to see how much you can save with Section 80C and other deductions
Tax Calculator FY 2026-27Tax Saving Calculators
Important: Tax saving investments must be made before March 31 of the financial year to claim deductions.