17 ways in which you can save Tax
Following are the 17 categories in which you can save your tax.
| No | Sections | Category | Limit |
| 1 | 80 C | Investments In PPF, EPF and NSC, Life Insurance Premium, ELSS, Tax Saving FDs, Senior citizen Savings scheme, Sukanya samriddhi, MF, NPS, Pension Plans, Home Loan Principal Repayment, Stamp Duty, Registrations fees and Tuition Fees of two children. | 1,50,000 |
| 2 | 80 CCC | Premium payment to pension plan of Life Insurance Companies | |
| 3 | 80 CCD | Contribution towards Employee Pension Scheme by Central Govt | |
| 4 | 80 CCD(1B) | Contribution towards NPS (New Pension System) | 50,000 |
| 5 | 80 D | Medical Insurance Premium payment for Family | 60,000 |
| 6 | 80 DD | Medical Expenses for physically disabled | 1,25,000 |
| 7 | 80 DDB | Medical expenses for serious illness | 80,000 |
| 8 | 80 E | Interest of Education Loans | No limit |
| 9 | 80EE | Interest of House Loan for those who buy the first house | 50,000 |
| 10 | 80U | Physically Disabled Tax payer | 1,25,000 |
| 11 | 84 | Interest on Home Loan | 2,00,000 |
| Interest on Home renovation Loan | 3,00,00 | ||
| 12 | 80G | Donations to certain approved funds, trusts, charitable institutions/donations for renovation or repairs of notified temples, etc. | 40,000 |
| 13 | 80GGA | certain donations for scientific, social or statistical research or rural development program | 1,00,000 |
| 14 | 80GGC | Sum contributed to any political party | 60,000 |
| 15 | 80GG | Rent paid for residential accommodation (Individual not receiving HRA) | 6,00,000 |
| 16 | 80CCG | 50 per cent of amount invested by specified resident individuals in notified equity savings scheme | 25,000 |
| 17 | 80TTA | Interest on deposits in savings bank accounts. | 10,000 |
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