Tax Deductions & Exemptions Directory
Detailed statutory rules for Chapter VI-A deductions. Note: Most deductions apply primarily under the Old Tax Regime, while Section 80CCD(2) employer NPS is also available in the New Tax Regime.
Section 80C Deductions (Max ₹1.5 Lakh)
Max ₹1.5LPPF, EPF, ELSS, Life Insurance, Sukanya Samriddhi, and Home Loan Principal repayment.
Section 80D Health Insurance (Max ₹1 Lakh)
MediclaimDeduction for medical insurance premium: ₹25k/₹50k for self/family + ₹50k for senior parents.
Section 80CCD NPS Benefit (80CCD(1B) & 80CCD(2))
NPS₹50k additional self contribution u/s 80CCD(1B) + 14% employer contribution u/s 80CCD(2).
Section 80E Higher Education Loan Interest
No Limit100% deduction on loan interest paid for higher education of self, spouse, or children for 8 years.
Section 80G Charitable Donations
Donations50% or 100% tax deduction on donations made to approved relief funds, PM CARES, and NGOs.
Section 80TTA Savings Account Interest (₹10,000)
SavingsUp to ₹10,000 deduction on savings bank interest for individual taxpayers under 60.
Section 80TTB Senior Citizen Interest (₹50,000)
Senior CitizenUp to ₹50,000 deduction on bank savings and fixed deposit interest for senior citizens (60+ yrs).