1. Section 80C: Tax-Saving Investments

Under Section 80C, you can claim deductions for investments in various tax-saving instruments. The maximum deduction available is ₹1,50,000. Some of the popular options include:

• Public Provident Fund (PPF)

• National Savings Certificates (NSC)

• Equity Linked Savings Schemes (ELSS)

• Unit Linked Insurance Plan (ULIP)

• Employee Provident Fund (EPF)

• Fixed Deposits (FDs)

• Sukanya Samriddhi Yojana (SSY)

• Life Insurance Premiums

2. Section 80CCC: Pension Fund Contributions

You can claim deductions for contributions to pension funds under Section 80CCC. There is no upper limit specified for this deduction, but it is included in the ₹1.5 lakh limit of Section 80C.

3. Section 80CCD(1): National Pension Scheme (NPS)

Contributions made by you to the National Pension Scheme (NPS) are eligible for tax deduction under Section 80CCD(1). The maximum deduction available is up to ₹1.5 lakh as part of the Section 80C limit.

4. Section 80CCD(1B): Additional NPS Contribution

In addition to Section 80CCD(1), Section 80CCD(1B) allows for an additional deduction of ₹50,000 specifically for contributions to NPS. This is over and above the ₹1.5 lakh limit of Section 80C.

5. Section 80D: Health Insurance Premiums

Section 80D allows for deductions on premiums paid for health insurance:

• Self and family (under 60 years): Deduction up to ₹25,000

• Parents (under 60 years): Deduction up to ₹25,000

• Senior citizens (above 60 years): Deduction up to ₹50,000

• An additional ₹5,000 deduction for preventive health check-ups.

6. Section 80DD: Disability Treatment Expenses

This section provides a deduction for medical treatment expenses for dependents with disabilities:

• Normal disability (40% or more): ₹75,000

• Severe disability (80% or more): ₹1,25,000

7. Section 80DDB: Treatment for Specified Diseases

Deductions under Section 80DDB are available for medical expenses related to specified diseases:

• Senior citizens: Up to ₹1,00,000

• Others: Up to ₹40,000

8. Section 80E: Education Loan Interest

Interest paid on loans taken for higher education is eligible for deduction under Section 80E. There is no upper limit for this deduction, and it can be claimed for a maximum of 8 years or until the loan is paid off, whichever is earlier.

9. Section 80EE: Interest on Housing Loan

This section provides a deduction of up to ₹50,000 for interest paid on housing loans, subject to certain conditions.

10. Section 80EEA: Interest on Housing Loan for First-Time Home Buyers

For first-time homebuyers, Section 80EEA offers an additional deduction of up to ₹1,50,000 on interest paid on housing loans.

11. Section 80EEB: Electric Vehicle Loan Interest

If you have taken a loan to purchase an electric vehicle, you can claim a deduction of up to ₹1,50,000 under Section 80EEB.

12. Section 80G: Donations to Charitable Organizations

Donations made to specified charitable institutions are eligible for a tax deduction:

• 100% or 50% of the donated amount depending on the charity

• Donations made in cash are eligible for deductions up to ₹2,000.

13. Section 80GG: House Rent Paid

If you do not receive HRA (House Rent Allowance), you can claim deductions under Section 80GG for rent paid:

• ₹5,000 per month or 25% of adjusted total income, whichever is lower.

14. Section 80GGA: Donations to Scientific Research and Rural Development

Donations made to scientific research and rural development are eligible for 100% tax deduction under Section 80GGA.

15. Section 80TTA/80TTB: Interest Income

• Section 80TTA allows a deduction of up to ₹10,000 on interest earned from savings accounts (for individuals below 60 years).

• Section 80TTB allows a deduction of up to ₹50,000 on interest earned from deposits (for senior citizens).

16. Section 80U: Disability Deduction

If you are a person with a disability, you are eligible for the following deductions:

• Normal disability: ₹75,000

• Severe disability: ₹1,25,000