Tax Savings Checklist 2025 – Maximize Your Deductions
Use this step-by-step checklist to plan deductions under 80C, 80D, 80CCD, 24(b), and more. Tick items as you complete them—your progress auto-saves on this device.
Quick Limits & Sections
| Section | Max Deduction | What qualifies |
|---|---|---|
| 80C | ₹1.5 lakh | ELSS, PPF, EPF, NSC, 5-yr FD, Life insurance premium, Sukanya Samriddhi |
| 80CCD(1B) | ₹50,000 | NPS (Tier I) – over and above 80C |
| 80D | ₹25,000–₹50,000 | Health insurance premiums (self/family/parents) |
| 24(b) | ₹2 lakh | Home loan interest (self-occupied property) |
| 80E | Full interest | Education loan interest (no cap; up to 8 assessment years) |
| 80G | 50%–100% | Eligible donations (subject to prescribed limits) |
Figures are indicative and subject to government notifications. Verify with a tax professional before filing.
Section 80C – Fill up to ₹1.5 lakh
Beyond 80C – Don’t Miss These
How to Use This Checklist
- Review your existing investments and insurance.
- Fill the 80C limit with a mix of growth (ELSS) and safety (PPF/EPF).
- Add NPS for retirement—extra ₹50,000 under 80CCD(1B).
- Ensure adequate health insurance (80D) for family protection.
- Track home loan interest (24(b)) and other deductions in one place.
Pro tip: Align tax saving with your goals—don’t invest just to save tax.
Try our SIP Calculator
or estimate protection with the Term Insurance Cover Calculator.
Frequently Asked Questions
Is the new tax regime eligible for these deductions?
Many deductions (like 80C/80D/80E) are not available in the new regime. Compare both regimes before filing.
Can I split 80C across multiple options?
Yes. The aggregate cap is ₹1.5 lakh. You can mix ELSS, PPF, EPF, etc.
Are ELSS gains taxable?
Long-term capital gains on equity funds over ₹1 lakh are currently taxed at 10% (without indexation). Rules can change—check latest rules.
External reference: Income Tax India