Here is a comprehensive list of Deductions under the Indian Income Tax Act, 1961 applicable for Financial Year (FY) 2025–26 (Assessment Year 2026–27) under the Old Tax Regime:
Note: Deductions are not available under the New Tax Regime (section 115BAC) except for a few (like NPS employer contribution, Agniveer Corpus, etc.).
Most Common Income Tax Deductions (Old Regime)
1. Section 80C – Investments & Expenses
- Max limit: ₹1.5 lakh
- Eligible items:
- Life insurance premium
- EPF & PPF
- Tax-saving FDs (5 years)
- National Savings Certificate (NSC)
- Tuition fees (for up to 2 children)
- Home loan principal repayment
- Sukanya Samriddhi Account
2. Section 80CCC – Pension Funds
- Investment in LIC/other annuity plans
- Limit combined with 80C (i.e., ₹1.5 lakh total)
3. Section 80CCD(1) – Employee’s NPS Contribution
- Limit: up to 10% of salary (or 20% of gross total income for self-employed)
- Within ₹1.5 lakh combined limit with 80C & 80CCC
4. Section 80CCD(1B) – Additional NPS Deduction
- Additional ₹50,000 for NPS (Tier I)
- Over and above 80C limit
5. Section 80D – Medical Insurance
| Category | Deduction Limit |
| Self & family (below 60) | ₹25,000 |
| Parents (below 60) | ₹25,000 |
| Parents (above 60) | ₹50,000 |
| Self/family if senior citizen | ₹50,000 |
- Includes preventive health check-up (₹5,000 within limit)
6. Section 80DD – Disabled Dependent Maintenance
- ₹75,000 (disability ≥ 40%)
- ₹1,25,000 (severe disability ≥ 80%)
7. Section 80DDB – Treatment of Specified Diseases
- Up to ₹40,000 (ordinary citizen)
- ₹1,00,000 (senior citizen)
8. Section 80E – Education Loan Interest
- Interest on loan for higher education (self/spouse/children)
- No upper limit, available for 8 years
9. Section 80EE – Home Loan Interest (1st time buyer)
- ₹50,000 additional interest deduction
- For loans sanctioned between 01.04.2016 – 31.03.2017
10. Section 80EEA – Interest on Affordable Housing
- ₹1,50,000 deduction
- For loans sanctioned between 01.04.2019 – 31.03.2022
Not available if 80EE is claimed or house value exceeds limits.
11. Section 80G – Donations to Charitable Institutions
- 50% or 100% deduction (with/without qualifying limit)
- Must be paid via non-cash mode if amount exceeds ₹2,000
12. Section 80GG – House Rent (No HRA)
- ₹5,000 per month or 25% of income or rent paid minus 10% of total income (least of the three)
13. Section 80GGC – Donation to Political Parties
- 100% deduction (non-cash mode only)
14. Section 80TTA – Savings Account Interest
- Up to ₹10,000 (non-senior citizens)
15. Section 80TTB – Senior Citizens Interest
- Up to ₹50,000 (includes savings, FD, RD interest)
16. Section 80U – Individual with Disability
- ₹75,000 (disability ≥ 40%)
- ₹1,25,000 (severe disability ≥ 80%)
17. Section 10(14) – Standard Allowances (Not deductions, but exemptions)
- HRA
- Travel Allowance
- Children Education Allowance
- Standard deduction (₹50,000 from salary income)