C# - Parameter Is Not Valid Exception When Saving Image In Winform?

I am getting a parameter is not valid exception..While saving the image

Here is my code to save the image

if (!File.Exists(pictureBox1.Tag.ToString()))
{
Image image = pictureBox1.Image;
image.Save(pictureBox1.Tag.ToString(), ImageFormat.Jpeg);
}
else
{
string delStr = pictureBox1.Tag.ToString();
pictureBox1.Image.Dispose();
File.Delete(delStr);
Image image = pictureBox1.Image;
image.Save(delStr, ImageFormat.Jpeg);
pictureBox1.Image = Image.FromFile(delStr);
}