Investments for Tax-Saving
Section 80C: Invest in options like PPF, ELSS, Tax-Saving FDs, or NSC to claim deductions up to ₹1.5 lakh annually
Health Insurance for Tax Relief
Section 80D: Deduct premiums paid for health insurance for yourself and your family, including senior citizens, up to ₹1 lakh.
Claim HRA (House Rent Allowance)
Section 10(13A): If you live in a rented house, claim HRA to reduce your taxable income.
Home Loan Deductions
Section 24: Claim up to ₹2 lakh per year on home loan interest payments under Section 24(b).
Education Loan Deductions
Section 80E: Claim tax benefits on interest paid for education loans, with no upper limit on the amount.