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Taxable income after standard deduction: ₹9.5 lakh. Tax = ₹45,000 + cess = ₹46,800.
80C: ₹1.5L + 80D: ₹25K + NPS: ₹50K + Standard: ₹50K = ₹2.75L deductions. Taxable = ₹7.25L. Tax = ₹32,500 + cess = ₹33,800.
Old regime saves ₹13,000 if you claim all deductions.
Calculate exact tax: Tax Calculator
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All calculations use standard financial formulas. SIP returns use compound interest formula: FV = PMT × [((1+r)^n - 1) / r]. EMI uses: EMI = P × r × (1+r)^n / [(1+r)^n - 1]. Tax calculations follow Income Tax Act provisions for the current assessment year. Insurance premiums are indicative market averages.
Sources: RBI, SEBI, Income Tax Department of India, CIBIL, IRDA, LIC of India. Data verified as of Aug 2026.
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Disclaimer: This website provides general educational information only and does not provide personalized investment advice or recommendations. Financial decisions should be made after considering individual circumstances and consulting a qualified professional where appropriate. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance does not guarantee future results.