Tax saving Instruments

Timely Savings done in these available options can help you out to get your Income Taxed

Sr No. Tax Saving Instruments Tax Benefits Under Section Total Tax Deduction
1 Life Insurance Section 80C (Premium) & Section 10(D) (Death/Maturity) Up to Rs. 150000
2 Health Insurance Section 80D Up to Rs. 55,000

 

3 ULIPs 80CCC Up to Rs. 150000
4 New Pension Scheme (NPS) Section 80CCE/ section 80CCD (1B) Up to Rs. 150000

Additional Rs. 50,000

5 Equity-linked Tax Saving Scheme (ELSS) Section 80C Up to Rs. 150000
6 Public Provident Fund (PPF) Section 80C Up to Rs. 150000
7 National Saving Certificates (NSC) Section 80C Up to Rs. 150000

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