5 Tax Deductions Saving You ₹2.5L This ITR Season
Under the old tax regime, sections like 80C, 80D, and 80E let you cut your taxable income by lakhs. Most salaried Indians leave this money on the table by not filing smartly.
₹2.5L in deductions = 20 months of a ₹12,500 grocery bill — gone from taxable income.
Your tax bill can drop this much using old regime deductions
Key Takeaways
Check your Form 16 and list every 80C investment made in FY2024-25 before filing your ITR by July 31.
Collect health insurance premium receipts for yourself, spouse, children, and parents to claim 80D deductions accurately.
If you have an active education loan, download the interest certificate from your lender and claim 80E before filing.
Under the old tax regime, sections like 80C, 80D, and 80E let you cut your taxable income by lakhs. Most salaried Indians leave this money on the table by not filing smartly.
Here's what happened: Section 80C allows up to ₹1.5 lakh deduction for investments like PPF, ELSS, EPF, NSC, and home loan principal repayment.. Section 80D covers health insurance premiums — up to ₹25,000 for self/family and ₹50,000 extra if parents are senior citizens.. Section 80E lets you deduct the entire interest paid on an education loan for up to 8 years, with no upper rupee limit..
What you should do: Check your Form 16 and list every 80C investment made in FY2024-25 before filing your ITR by July 31.. Collect health insurance premium receipts for yourself, spouse, children, and parents to claim 80D deductions accurately.. If you have an active education loan, download the interest certificate from your lender and claim 80E before filing..
Section 80CCD(1B) lets you invest an extra ₹50,000 in NPS — on top of the ₹1.5 lakh 80C limit — saving ₹15,600 more in tax at the 30% slab.
Plan Your Tax Savings
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- [1]“Income-tax returns: Section 80C, 80D and 80E — Deductions specified under Chapter VIA of the Income Tax Act, explained” mint - money · 2 Jun 2026
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