It is a planning tool that checks the details you enter against commonly claimed deductions and exemptions. It provides an estimate and does not replace a review of your actual documents.

Yes, the Refund Maximizer is a free utility for an initial tax-savings review.

It can compare relevant tax-saving options across regimes. Many Chapter VI-A deductions, including several commonly claimed under the old regime, are not available under the default new regime.

Under the old tax regime, Section 80D generally allows a separate deduction for eligible health-insurance payments for parents. The limit is usually ₹25,000 and can be ₹50,000 where the insured parent is a senior citizen, subject to applicable conditions.

Section 80GG may help eligible taxpayers who pay rent but do not receive HRA. The deduction is subject to conditions and is limited to the lowest of the prescribed calculations, rather than a flat amount for every taxpayer.