LabhPay

Tax Saver · FY 2025-26

Pay less tax. Legally.

Answer a few questions — or upload your Form 16 / payslip to auto-fill — and get a step-by-step plan showing exactly how many rupees you can still save this year. Nothing is stored.

Auto-fill from your documents

Sign in to upload your Form 16, payslip and other tax documents — we read them all.

About you · 30 seconds

What you already save / pay

More details (HRA, LTA, employer NPS, other income)

You’re already tax-efficient.

At your numbers, the New Regime is your best option and extra 80C/NPS investments won’t reduce your tax further. Your estimated tax is ₹0.

Estimates for FY 2025-26, resident individuals under 60. Invest only in what fits your goals — a tax break alone is not a reason to buy a bad product. Not tax advice; verify on incometax.gov.in or with a CA.

The full breakdown — your tax, explained in plain English

In plain English

Your tax is fully covered — nothing more to pay, nothing to claim back.

You earned₹12,00,000 this year (your full salary, including any perks).
You're taxed on₹11,25,000 — your salary minus the standard deduction.
Your tax for the year₹0, including the 4% health & education cess.
Already paid₹0 — your employer deducted this from your salary through the year (this is your “TDS”).
Refund due to you₹0. More tax was deducted than you actually owed, so you get the difference back.

Go with the New Regime — it's ₹1,48,200 cheaper for you than the Old Regime.

At your income level, the new regime's lower tax rates beat claiming deductions.

Under the New Regime, things like 80C, HRA and LTC/LTA don't reduce your tax — that's the trade-off. If you have HRA or LTC you could claim, add them on the left to double-check the Old Regime; for you, the New Regime still wins.

What to do next

  1. 1File your ITR-1 return at incometax.gov.in by the deadline (usually 31 July).
  2. 2Pick the New Regime when you file.
  3. 3Nothing extra to pay or claim — just file.
  4. 4Open your AIS on the portal and check nothing is missing — bank interest, dividends, or sold shares often need to be added.

Estimate for FY 2025-26, individuals below 60. Not tax advice — verify on incometax.gov.in or with a CA.

Paying rent? Check your HRA exemption Compare regimes in detail Find money leaks in your statement

Frequently asked questions

How can I save income tax on my salary?

The main legal levers for salaried people are: Section 80C investments up to ₹1.5 lakh (EPF, ELSS, PPF, life insurance), an extra ₹50,000 in NPS under 80CCD(1B), health-insurance premiums under 80D, HRA if you pay rent, and employer NPS under 80CCD(2). This planner checks each one against your numbers and shows the rupee saving.

Do 80C and NPS help in the new tax regime?

Mostly no — 80C, 80D, HRA and your own NPS (80CCD(1B)) only reduce tax under the old regime. The big exception is employer NPS under Section 80CCD(2), which is deductible in BOTH regimes. The planner accounts for all of this automatically.

Which is better, the old or new tax regime?

It depends on how many deductions you actually use. The planner computes both regimes for your exact numbers — including after your potential investments — and always shows the cheaper path.

Can I upload my Form 16 or payslip?

Yes — upload your Form 16, salary slip, Form 12BA or 26AS and the planner auto-fills your numbers from them. Documents are read in memory, never stored, and you review every figure before anything is computed.

Is this the same as filing my ITR?

No. This planner tells you how to reduce tax and what to expect (refund or payable). You still file at incometax.gov.in — the planner gives you a downloadable summary that makes filing (or handing off to a CA) easy.