The National Pension System (NPS) provides an additional deduction of up to Rs 50,000 under Section 80CCD(1B), over and above ...

Check out 10 essential income tax deductions under Sections 80C, 80D, and more, helping individuals maximise savings while filing ITR for FY 2024–25 under the old regime.

Check out top tax saving options with low or no lock-in periods including EPF, health insurance, home loans, and NPS, ...

Get all latest & breaking news on Form 80c. Watch videos, top stories and articles on Form 80c at moneycontrol.com.

It is to be noted that deductions under Chapter VI-A deduction (Section 80C, 80D, 80E and so on) are not available for taxpayers who opt for the New Tax regime. However, salaried individuals can ...

Taxpayers should make only eligible claims as any discrepancy could lead to significant penalties and even legal action.

It is best to be honest while claiming deductions and avail tax breaks only if one can back them up with documentary proof, should there later be a notice by the income tax department.