Tax guide
Maximize Your Tax Deductions - Complete Guide
Comprehensive AY 2026-27 guide to deductions under Income-tax Act, 1961 sections, with 2025 Act cross-references for 80C, 80D, 80G, and more.
- 80C
- 80D
- deductions
- tax saving
Section 80C Deductions (₹1.5 Lakh; 2025 Act: Section 123)
Most popular section with multiple investment options.
- PPF (Public Provident Fund) - 15 year lock-in
- ELSS Mutual Funds - 3 year lock-in, best returns
- NSC (National Savings Certificate)
- Tax Saving FD (5 year lock-in)
- EPF/VPF contributions
Section 80CCD - NPS Benefits (Extra ₹50K; employer contribution maps to 2025 Act: Section 124)
Additional deduction for NPS investment.
- 80CCD(1): Employee contribution - part of 80C
- 80CCD(1B): Additional ₹50,000 over 80C
- 80CCD(2): Employer contribution (up to 10%/14%)
Section 80D - Health Insurance (₹25K-₹1L; 2025 Act: Section 126)
Deduction for health insurance premiums.
- Self & family premium: Up to ₹25,000
- Parents premium: Additional ₹25,000
- Senior citizen limit: ₹50,000 each
- Preventive health check-up: ₹5,000 (within above)
Section 24(b) - Home Loan Interest (₹2L)
Deduction on home loan interest for self-occupied property.
- Self-occupied property: Up to ₹2 lakh interest
- Let-out property: No limit on interest deduction
- Under construction: Interest deductible in 5 installments
- Joint loan: Each co-owner claims separately