Income Tax Deductions in India (80C to 80U): A Complete Guide
S
Statura Team
India's Income Tax Act offers a wide range of deductions that reduce taxable income — yet many taxpayers claim only a fraction. Knowing them well is legitimate, valuable tax planning.
The Big Ones
- 80C (₹1.5 lakh): PF, PPF, ELSS, life insurance, home-loan principal, tuition fees.
- 80D: Health insurance premiums for self and parents.
- 80CCD(1B) (₹50k): Additional NPS contribution.
- 80TTA/80TTB: Savings-account and senior-citizen interest.
- 80G: Donations to eligible charities.
- 80E: Interest on education loans.
Old vs New Regime
Most deductions apply under the old regime; the new regime offers lower slab rates but few deductions. Choose based on your total eligible deductions.
Plan Ahead
Deductions must be planned during the year, not at filing time. Keep proofs and invest early.
Statura provides tax planning and ITR filing to legally minimise your tax.
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