This paper presents a simplified current minimizing technique for Interior Permanent Magnet (IPM) motor. This is primarily achieved by utilizing normalized 2D-Look Up Table (LUT) that is parameter independent except for saliency ratio. In addition, torque-flux reference frame is considered for implementation to reduce the complexity generally present in conventional methods utilizing ids - iqs current reference frame. The proposed algorithm also incorporates both the aspects that lead to field weakening operation, i.e., increase in speed and reduction of dc link voltage. A novel compensation method for incorporating saturation effect is also addressed. The current minimizing technique is analyzed in detail, supported by experimental results.