Common Tax-Saving Options for Salaried Employees

Many deductions below are available only under the old tax regime. Compare both regimes before investing for tax saving.

Section 80C (up to ₹1.5 lakh)

Includes EPF, PPF, ELSS mutual funds, life insurance premiums, tuition fees and the principal part of home loan repayments.

Section 80D

Deduction for health insurance premiums for yourself, family and parents, within the limits set by law.

NPS: 80CCD(1B)

An additional deduction of up to ₹50,000 for your NPS contribution. Employer NPS contribution under 80CCD(2) can also help, including under the new regime within limits.

Home loan interest

Interest on a self-occupied house can be claimed up to ₹2 lakh under the old regime.

HRA

House rent allowance exemption depends on your salary, rent paid and city. Keep rent receipts and landlord details.

Before you invest

Invest according to your goals, not only to save tax. Limits and rules can change, so confirm the current law or ask us.

This article is general information, not professional advice. Rules and limits change, so please confirm the current position or contact us.