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Tax Saving Investments other than 80C

80TTA

Interest income from all bank accounts.

₹10,000

80E

Tax on income spent on interest payments of education loans up to 8 years

No limit

80D

Health insurance premiums

From ₹25,000 up to ₹1 Lakh under some circumstances.

24(b)

Interest repayment on home loans

₹2 Lakh

80EEA

Interest repayment on home loans for first-time buyers

₹50,000

10(10D)

Sum assured on life insurance plans

Entire amount

10(13A)

House rent allowance (if HRA is given in salary break-up)

Specified conditions

80GG

House rent allowance (if HRA is not mentioned in salary break-up)

Specified conditions

80G

Donation to Charity

No limit

80GGA

Donation for scientific research and rural development

No limit

80GGC

Donation to Political parties

No limit

80DD

Treatment of Disabled persons

₹75,000 for 40%-80% disability ₹1,25,000 for higher than 80% disability

80U

Disabled persons

₹75,000 for 40%-80% disability ₹1,25,000 for higher than 80% disability

80DDB

Medical ailments

₹40,000 (₹1,00,000 for senior citizens)

What are the Various Tax Saving Investments Other than 80C?

Eligibility

Exemption limit

Health insurance for self and family (spouse and dependent children)

₹25,000

For self and family + parents

₹25,000 + ₹25,000) = ₹50,000

For self and family (below 60 years) + Parents above 60 years of age

₹25,000 + ₹50,000 = ₹75,000

For self and family (with members above 60 years) + senior citizen parents

₹50,000 + ₹50,000) = ₹1,00,000

Provision for tax rebate under Section 80D is extended to health check-up expenses as well. You can claim tax waiver on such costs amounting up to ₹5,000 respectively.

Such exemption is inclusive of the ₹25,000 rebate on health insurance. This means that people who have claimed ₹5,000 as their medical check-up costs are eligible for ₹20,000 rebate on premium charges.

 

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FAQs about Tax Saving Options other than 80C