15 Tax Saving Options Other Than Section 80C

Go beyond 80C tax benefits to become a smart tax saver. Here is a complete list of tax-free deductions available under Section 80 apart from Section 80C.

15 Tax Saving Options Other Than Section 80C

Go beyond 80C tax benefits to become a smart tax saver. Here is a complete list of tax-free deductions available under Section 80 apart from Section 80C.

One of the most popular tax-saving options is Section 80C. Section 80C provides investment options for people who want to reduce their tax liability. The list of tax-free instruments under this section is quite lengthy - life insurance premiums, PPF contributions, five-year term deposits, and ELSS schemes are just a few.

However, there is a catch.

The total exemption you can claim through Section 80C investments cannot exceed ₹1,50,000. By adding NPS investments (Section 80CCD), you can claim an additional ₹50,000, bringing your total deduction to ₹2 lakhs. Is the two-lakh exemption enough?

What if you can get more?

In addition to Section 80C, there are other tax-saving exemptions that you may qualify for. Some of these fall under Section 80, while others come under other sections.

Let us find out what they are.

List of Tax Saving Options under Section 80

Here is a complete list of tax-free deductions available under Section 80 apart from Section 80C:

Sections	What They Deal In	Exemption Limit
80CCD	Contributions to National Pension Schemes (NPS)	₹50,000
80D	Health insurance premiums	Up to ₹25,000 for oneself + family ( including spouse and child). Up to ₹50,000 for oneself and family + parents Up to ₹75,000 for Oneself and family (below 60 years) + Parents above 60 years of age Up to ₹1,00,000 for Oneself and family (with members above 60 years) + Senior Citizen Parents
80DD	Expenses on a handicapped dependent	₹75,000 for people with 40% to 80% disability ₹1,25,000 for people with higher than 80% disability
80DDB	Treatment of specified illnesses	₹40,000 (₹1,00,000 for senior citizens)
80E	Education loan interest payment	No limit
80EE	Home loan interest payment for first time home-owners	Up to ₹50,000
80G	Donations to approved charitable institutes	No Limit
80GG	Rent paid by employees not having HRA	Lower of the following – ₹5000/month The total annual income of 25% 10% of the basic annual income.
80GGA	Donations for Scientific Research and Rural Development	No Limit
80GGB	Donations Made to Political Parties or an electoral trust. (Indian companies are eligible to claim benefits)	No Limit
80GGC	Contributions made to a political party	No Limit
80TTA and 80TTB	Saving account interest	80TTA – Up to ₹10, (individuals below 60 years) 80TTB – Up to ₹10,000 for senior citizen
80U	Handicapped tax-payers can claim this deduction	₹75,000 for 40% to 80% disability ₹1,25,000 for higher than 80% disability
80RRB	Royalty or patent income	Up to ₹3 lakhs