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14 Best Tax Saving Options Other than Section 80C 2024:

Section 80 includes several subsections, such as Section 80C, Section 80D, Section 80G, and so on, each of which provides specific deductions for certain sorts of expenses or investments. Alternative tax-saving possibilities include the National Pension Scheme (NPS), health insurance premiums (Section 80D), house loan interest (Section 24), rent (Section 80GG), and medical treatment expenses (Section 80DDB).

Here we are giving you a14 best tax saving options other than section 80c 2024 and you will be able to understand what you can achieve.

When it comes to tax planning, most people are familiar with Section 80C of the Income Tax Act, which provides favorable deductions for investments such as life insurance premiums, provident fund payments, and others. While this part is clearly useful, many taxpayers may be unaware of the several additional tax-saving opportunities accessible to them.

In this blog, we will delve into 14 tax-saving alternatives beyond Section 80C that can help you maximize your savings while reducing your tax liability.

SectionTopicExemption Limit
80CCDContributions to National Pension Schemes (NPS)Up to ₹50,000
80DHealth insurance premiumsUp to ₹25,000 for self and family, Up to ₹50,000 for self and family + parentsUp to ₹75,000 for self and family (below 60 years) + Parents above 60 yearsUp to ₹1,00,000 for self and family (with members above 60 years) + Senior Citizen Parents
80DDExpenses on a dependent with a disability₹75,000 for disability between 40% and 80%₹1,25,000 for disability above 80%
80DDBTreatment of specified illnesses₹40,000 (₹1,00,000 for senior citizens)
80EEducation loan interest paymentNo limit
80EEHome loan interest payment for first-time homebuyersUp to ₹50,000
80GDonations to approved charitable institutesNo limit
80GGRent paid by employees not having HRALower of ₹5000/month, 25% of annual income, or 10% of basic annual income
80GGADonations for Scientific Research and Rural DevelopmentNo limit
80GGBDonations Made to Political Parties or an electoral trustNo limit
80GGCContributions made to a political partyNo limit
80TTAInterest on savings account (individuals below 60 years)Up to ₹10,000
80TTBInterest on savings account for senior citizensUp to ₹10,000
80UDeduction for a person with a disability₹75,000 for disability between 40% and 80%₹1,25,000 for disability above 80%
80RRBRoyalty or patent incomeUp to ₹3 lakhs

Table of Contents

14 Best Tax Saving Options Other than Section 80C 2024

Deduction For contributions to National Pension Schemes (NPS)
Deduction Limit: ₹50,000.


Individuals who contribute to National Pension Schemes (NPS) can claim tax deductions under Section 80CCD of the Income Tax Act. This rule covers employees, employers, and voluntary self-contributions.

Section 80CCD(1b) allows taxpayers to deduct up to ₹50,000 for self-contributions to NPS or Atal Pension Yojana. This is above the ₹1,50,000 deduction limit under Section 80C.

Individuals that contribute to the NPS can reduce their taxable income while also encouraging retirement savings.

Deduction For health insurance premiums and medical bills.

Deduction Limit: varies depends on the age and kind of taxpayer.
Section 80D of the Income Tax Act permits individuals to deduct health insurance premiums and medical expenses. The deduction limits vary depending on the age and kind of taxpayer.

Best Tax Saving Options Other than Section 80C,Section 80D of the Income Tax Act allows individuals to claim tax deductions for health insurance premiums and medical expenses. The deduction limits vary based on the age and type of taxpayer:

axpayer TypeDeduction for Self, Spouse, and Dependent ChildrenDeduction for ParentsDeduction for Preventive Health Check-ups
IndividualsUp to ₹25,000Up to ₹25,000Up to ₹5,000
Senior Citizens (60 years or above)Up to ₹50,000Up to ₹50,000Up to ₹5,000

Deduction for: expenses for medical treatment and rehabilitation of disabled dependents.

Deduction Limit: varies according on the severity of disability.

Best Tax Saving Options Other than Section 80C, Section 80DD of the Income Tax Act permits individuals to claim tax deductions for expenses related to the medical treatment and rehabilitation of disabled dependents. The deduction limits vary depending on the level of disability.

Severity of DisabilityDeduction for Expenses on Medical
Treatment, Training, and Rehabilitation
40% to less than 80%Up to ₹75,000
80% or moreUp to ₹1,25,000

Note: The deduction is available for expenses incurred on the medical treatment, training, and rehabilitation of disabled dependents. The maximum deduction amount is based on the severity of the disability

Deduction for: Medical expenses for specific disorders.

Deduction limit varies depending on age and actual expenses incurred.

Section 80DDB of the Income Tax Act permits persons to seek tax breaks for medical expenses incurred for specific disorders for themselves or their family. The deduction limits vary depending on the taxpayer’s age and the actual expenses incurred.

Age of TaxpayerDeduction for Medical Expenses on Specified Diseases
Below 60 yearsActual expenses incurred or ₹40,000 (whichever is less)
60 years or olderActual expenses incurred or ₹1,00,000 (whichever is less)

Deduction For: Interest on education loan

Deduction Limit: There is no specific limit

Best Tax Saving Options Other than Section 80C ,Section 80E of the Income Tax Act permits persons to deduct the interest paid on college loans. The deduction applies to loans obtained for higher education by the taxpayer, their spouse, children, or a student for whom the taxpayer is a legal guardian.

The main points to understand in this part are as follows:

Deduction Limit – ₹50,000 | Complementary benefits with Section 24(b)

Best Tax Saving Options Other than Section 80C:

Section 80EE of the Income Tax Act of India provides tax benefits to first-time homeowners. It allows for an additional deduction of up to Rs. 50,000 on housing loan interest payments. This deduction is in addition to the Rs. 2 lakh deduction allowed under Section 24(b) for mortgage interest. To be eligible, the loan must be approved between April 1, 2016 and March 31, 2017, and the property value cannot exceed Rs. 50 lakh.

The deduction can be carried forward for up to 8 years if not fully claimed. The property must be self-occupied and the taxpayer should not own any other residential property.

Best Tax Saving Options Other than Section 80C:

Deduction for donations made to charitable organizations.
There is no deduction limit.

Deduction Limit: No Limit

    Section 80G of the Income Tax Act permits taxpayers to deduct gifts made to recognized charity organizations. This provision applies to both persons and organizations.

    The deduction amount for digital donations, such as bank transfers, is not limited under Section 80G. This means that taxpayers can claim that their whole payment to a charity organization is tax-free.

    However, there is a cash donation limit. Cash contributions up to ₹2,000 per year are exempt from tax computations. It is crucial to clarify that this exemption applies solely to donations made to registered charity organizations.

    Deduction Limit: The deduction limit under Section 80GG is the least of the following amounts:

    Under Section 80GG, individuals can claim a deduction for the rent paid for their residential accommodation. This deduction is applicable if the individual does not receive HRA from their employer and does not own a residential property in the location where they reside or work.

    Deduction Limit:The deduction limit for Section 80GGA is either the whole amount donated or ₹10,000, whichever is lower.

    Deduction for Donations:Section 80GGA allows individuals and organizations to deduct donations made to entities involved in scientific research or rural development. The donation must go to an approved institution or group.

    To claim the deduction, the donation must be made to an entity certified by the relevant body for scientific research or rural development purposes.

    Deduction Limit: No limit

    Section 80GGB allows Indian firms to deduct donations to political parties or electoral trusts. This provision attempts to encourage participation in political activities and election processes.

    Deduction Limit: Section 80GGC allows you to deduct the whole amount you contribute to a registered political party or electoral trust.

    Individuals who contribute to registered political parties or electoral trusts can deduct their contributions under Section 80GGC. This clause is intended to encourage individuals to participate in the political process and support political parties.

    Deduction Limit: ₹10,000 

    Under Section 80TTA, individuals and HUFs can claim a deduction of up to ₹10,000 on the interest earned from savings bank accounts. This deduction is applicable for interest earned from all types of savings accounts, including those held with banks, cooperative societies, and post offices.

    Deduction Amount: The deduction amount under Section 80U is determined by the extent of the handicap. Deduction limitations are as follows:

    Disability LevelDeduction Amount
    40% to 80%₹75,000
    80% or more₹1,25,000

    Individuals with disabilities are eligible for a deduction under Section 80U of India’s Income Tax Act. This clause allows people with specific disabilities to deduct their whole income.

    Difference between Sections 80DD and 80U

    Section 80DD: Under this section, individuals can claim a deduction for expenses incurred for the maintenance, medical treatment, or rehabilitation of a disabled dependent.

    clause 80U: This clause allows individuals to deduct their own disabilities, whether physical or mental.

    Section 24(b) of the Income Tax Act permits persons to deduct the interest paid on a house loan from their taxable income. This deduction applies to loans obtained for the purchase, construction, repair, or reconstruction of a residence.

    The deduction is calculated on an accrual basis, which means it can be claimed even if the interest was not fully paid within the fiscal year.
    For self-occupied properties, the maximum deduction limit is ₹2 lakh (₹1.5 lakh in 2020-21).
    If the property is neither self-occupied or rented out, the deduction has no limit and can be claimed for the total amount of interest paid.

    Disclaimer: Nothing on this site is intended to provide investment advice, performance data, or a recommendation that any security, portfolio of securities, investment product, transaction, or investment strategy is appropriate for any particular person. Please do not use this blog to make financial decisions. We strongly advise you to obtain professional counsel from someone who is qualified to provide investment advice.

    if you want to save tax other than 80C , Exploring tax-saving measures other than Section 80C can help you lower your tax liability. The 14 options described in this article offer useful alternatives for increasing deductions and lowering your overall tax liability. Before investing or claiming deductions, consult a tax professional or financial counselor to ensure you understand your eligibility, limits, and documentation requirements. Taking informed action will help you make the most of these chances and save money on taxes.

    1. What is Section 80C, and why are we looking beyond it for tax savings?

    Section 80C is a popular section of the Income Tax Act that offers deductions on various investments. Exploring options beyond 80C allows individuals to diversify their tax-saving portfolio and take advantage of additional benefits.

    How does the National Pension Scheme (NPS) contribute to tax savings?

    Contributions to NPS under Section 80CCD offer deductions up to ₹50,000, encouraging individuals to save for retirement and reduce their taxable income.

    Can I claim deductions for both health insurance premiums and medical expenses under Section 80D?

    Yes, Section 80D allows deductions for health insurance premiums and medical expenses, providing coverage for both preventive and curative healthcare expenses.

    What types of disabilities are covered under Section 80DD for tax deductions?

    Section 80DD covers expenses on the medical treatment and rehabilitation of dependents with disabilities. The severity of disability determines the deduction amount.

    Is there a limit on the deduction for interest on education loans under Section 80E?

    No, Section 80E does not have a specific limit for interest on education loans. Individuals can claim deductions for the actual interest paid on loans taken for higher education.

    How does Section 80G encourage charitable contributions?

    Section 80G allows unlimited deductions for donations made to registered charitable organizations, providing a strong incentive for individuals and companies to contribute to social causes.

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