Income Tax · Topic
Deductions & Investments
Section 80C, 80D, NPS, home-loan interest under Sec 24(b), Agniveer Corpus, and choosing tax-saving investments.
Articles in this topic 4
- 01
Top Ten Tax-Saving Investments Under the Old Regime
The OLD regime continues to offer the deepest deduction architecture in Indian tax. While Finance Act, 2023 made the new regime the default, salaried taxpayers can still elect the old regime annually via Form 10-IEA -- and for those with significant section 80C / 80D / …
- 02
Standard Deduction versus Section 80C
The new tax regime offers an automatic standard deduction of INR 75,000. The old regime offers a standard deduction of INR 50,000 plus access to the entire Chapter VI-A architecture -- section 80C, section 80D, section 80E, section 80G, House Rent Allowance, home loan i…
- 03
Claiming Home Loan Interest
Home loan interest deduction under section 24(b) is one of the largest deduction levers in Indian salaried tax -- up to INR 2 lakh per year for self-occupied house, UNCAPPED for let-out. With Finance Act, 2017's INR 2 lakh inter-head set-off cap and the Finance Act, 202…
- 04
Agniveer Corpus Fund and the National Pension System
The Agnipath Scheme (introduced 2022 for short-term armed forces enrolment) and the National Pension System offer some of the most overlooked tax benefits in Indian salaried tax. Finance Act, 2024 enhanced both. This article unpacks both schemes.