Save up to ₹1 lakh or more in income tax legally using Section 80C, 80D, 80CCD, HRA, and home loan deductions. Complete tax saving guide for salaried employees in Tamil Nadu 2025.
Section 80C — ₹1.5 Lakh Deduction
The most popular tax saving section. Eligible investments: ELSS Mutual Funds (best returns, 3-year lock-in), PPF (15-year lock-in, tax-free returns), EPF (auto-deducted from salary), Life Insurance premium, 5-year Tax Saving FD, NSC, Sukanya Samriddhi (for girl child). Maximum deduction: ₹1,50,000/year. Tax saved: ₹46,800 (30% bracket), ₹31,200 (20%), ₹15,600 (10%).
Section 80D — Health Insurance Premium
Deduction for health insurance premium paid. Self + family (below 60): ₹25,000. Parents (below 60): additional ₹25,000. Parents (above 60): additional ₹50,000. Maximum total: ₹1,00,000/year. Even preventive health check-up (up to ₹5,000) is included. PRinvins provides 80D certificate for your Star Health Insurance policy.
Section 80CCD(1B) — NPS Extra ₹50,000
National Pension System (NPS) gives an ADDITIONAL ₹50,000 deduction over and above the ₹1.5 lakh 80C limit. This is exclusive to NPS — no other investment gives this extra benefit. Tax saved: ₹15,600 extra (30% bracket). Combined with 80C, total deduction = ₹2 lakh. PRinvins helps you open NPS account and integrate it with your retirement plan.
HRA, Home Loan & Other Deductions
HRA (House Rent Allowance): If you pay rent, claim HRA exemption — can save ₹30,000–1,00,000+ depending on city and salary. Section 24(b) — Home Loan Interest: Up to ₹2,00,000 deduction on home loan interest. Section 80E — Education Loan Interest: Full deduction, no limit. Section 80G — Donations: 50–100% deduction for donations to approved charities.
Complete Tax Saving Strategy — Example
Salaried person, ₹10 LPA income, 20% tax bracket. 80C (ELSS + LIC): ₹1,50,000 → saves ₹31,200. 80D (Star Health): ₹25,000 → saves ₹5,200. 80CCD(1B) (NPS): ₹50,000 → saves ₹10,400. Total tax saved: ₹46,800/year. PRinvins helps you plan all these deductions together — ELSS selection, health insurance, NPS setup. Free tax planning consultation: +91 88700 17893.
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