With the March 31 deadline approaching, taxpayers still have time to save on taxes by making smart investments. Those opting for the old tax regime can claim deductions under various sections of the Income Tax Act of 1961.
Section 80C – Get up to ₹1.5 lakh deduction by investing in:
Section 80D – Claim up to ₹25,000 for health insurance premiums (₹50,000 for senior citizen parents).
Section 80CCD(1B) – Get an extra ₹50,000 deduction for investing in the National Pension System (NPS), in addition to Section 80C.
Section 24(b) – Deduct up to ₹2 lakh on home loan interest for self-occupied properties.
Making last-minute tax-saving investments can significantly reduce tax liability. Choose the right options, act fast, and ensure all payments are made before March 31 to maximise savings.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 24, 2025, 10:05 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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