Smart tax planning begins with knowing your deductions.
Under the Income Tax Act, Sections 80C to 80U offer several deductions to lower your taxable income — from investments to insurance, education loans, and medical expenses.

Here’s a complete guide to maximize your savings for FY 2024–25.

1️⃣ Section 80C (Limit: ₹1.5 Lakh)

Most popular section. Eligible investments include:

• EPF, PPF, NSC, Sukanya Samriddhi Account

• ELSS mutual funds (3-year lock-in)

• Life insurance premium

• Home loan principal repayment

• Children’s tuition fees

2️⃣ Section 80CCD(1B) – NPS Contribution

Extra ₹50,000 deduction beyond 80C for National Pension System contributions.

3️⃣ Section 80D – Medical Insurance

• ₹25,000 for self + family

• ₹50,000 for parents (senior citizens)

• ₹5,000 extra for preventive health check-ups

4️⃣ Section 80E – Education Loan Interest

No upper limit for interest on education loans (for higher studies).

5️⃣ Section 80G – Donations

50% to 100% deduction depending on the charitable institution.

6️⃣ Section 80TTA / 80TTB – Bank Interest

• ₹10,000 deduction on savings account interest.

• ₹50,000 for senior citizens on FD interest.

7️⃣ Section 80GGC / 80GGB – Political Donations

100% deduction for contributions made digitally to political parties.

8️⃣ Section 80U – Disability of Taxpayer

Fixed deduction up to ₹1,25,000 for persons with disabilities.

Conclusion

Plan your investments early to maximize deductions and reduce tax liability efficiently.

Continue reading:
→ Old vs New Tax Regime: Which Is Better?
→ Common Income Tax Filing Mistakes & How to Avoid Them
→ How to Respond to an Income Tax Notice Online