optimize_deductions
Audits tax deductions (80C, 80D, NPS, home-loan interest) against statutory caps, flagging over-cap amounts and unused headroom to quantify potential extra tax savings under the old regime.
Instructions
Deduction Optimizer — audits a taxpayer's Chapter VI-A deductions (80C, 80D, NPS 80CCD(1B), home-loan interest 24(b)) against their statutory caps. Flags amounts OVER the cap that earn no tax benefit, and UNUSED headroom, quantifying the exact extra tax that could be saved by filling each allowance. Applies to the OLD regime.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| regime | No | Current regime (deductions only apply in old) | |
| ageGroup | No | below60 | |
| deductions | No | Deductions claimable under the OLD regime only; ignored for the new regime | |
| grossIncome | Yes | Total gross annual income in ₹ |