Explore various tax saving instruments and deductions available under Income Tax Act.
Section 80C
Up to ₹1.5 lakh deduction. Options: PPF, ELSS, LIC, NSC, FD (5-year), EPF, NPS, Sukanya Samriddhi, tuition fees.
Section 80D
Health insurance premium deduction: ₹25,000 (self) + ₹25,000 (parents). Additional ₹50,000 for senior citizens.
Home Loan Benefits
Section 24(b): Up to ₹2 lakh interest deduction. Section 80EEA: Additional ₹1.5 lakh for affordable housing.
Education Loan
Section 80E: Deduction on interest paid for higher education loans. No upper limit.
Donations (80G)
50% or 100% deduction on donations to approved charitable trusts and funds.
HRA & LTA
House Rent Allowance exemption based on rent paid. Leave Travel Allowance for domestic travel.
Capital Gains Saving
Section 54, 54F: Save tax on property sale by reinvesting. Section 54EC: Invest in bonds.
Old vs New Regime
Compare and choose between old regime (with deductions) and new regime (lower rates).