Income Tax Calculator

Calculate and compare tax liability under old and new regime

Age doesn't affect tax slabs in new regime
Gross income before deductions
Section 80C, 80D, HRA, etc. (applicable in old regime only) Most deductions not available in new regime
Gross income before deductions
Section 80C, 80D, HRA, etc. (applicable in old regime only)

Tax Calculation Results

Introduction: What Is Tax Planning?

Tax planning isn’t just about saving money; it’s about strategically investing in a way that benefits both your present and your future. By utilizing the right instruments, like ELSS (Equity-Linked Savings Scheme) and NPS (National Pension System), you can reduce your taxable income and maximize your wealth.

At ANB Wealth, we simplify tax planning for you, guiding you through smart decisions to save more while securing your financial future.

Why Is Tax Planning Important?

Nobody enjoys overpaying taxes. That’s where tax planning comes in

Reduce Tax
Liability

Pay only what’s required, not a rupee more.

Build Wealth

Invest in tax-saving instruments that offer growth potential

Achieve Financial Goals

Use tax benefits to contribute to long-term goals like retirement or your child’s education.

Key Instruments for Tax Planning

Equity-Linked Savings Scheme (ELSS):
  • 1. What It Is: A mutual fund investment that qualifies for tax deductions under Section 80C of the Income Tax Act.
  • 2. Benefits: Shortest lock-in period (3 years) among all Section 80C options, potential for higher returns, and tax-free maturity.
  • 3. Why Choose ELSS: Start small, enjoy market-linked growth, and save taxes simultaneously.
National Pension System (NPS):
  • 1. What It Is: A government-backed retirement savings scheme offering additional tax benefits under Section 80CCD.
  • 2. Benefits: Build your retirement corpus while saving tax up to ₹50,000 over and above Section 80C limits.
  • 3. Why Choose NPS: Secure your post-retirement future with a disciplined investment approach and tax savings today.

Comparison of Investment Options

Attribute Equities PPF FDS NPS
Returns High (10–15% annually) Low to Moderate Low to Moderate Moderate to High
Liquidity Best Low (15 years) High Low (until retirement)
Tax Benefits Tax-saving ELSS funds Tax-free maturity Tax-saving FD Tax deductions under Section 80C
Lock-in Period Short (3 years for ELSS) Long (15 years) Short to Medium Long-term until retirement
Risk Medium to High Low (government-backed) Low Medium to High
Best For Wealth creation Tax-saving, low-risk Short-term goals Retirement planning

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