How can I save taxes apart from 80CC? Piyush Jain, 05 Nov 2012

I would like to know how can I save taxes apart from 80CC? Thanks

Fintotal Answer

Combined limit of deduction available under section 80 C, 80 CC and 80 CCD is Rs 1 lac. Apart from this you can claim deduction on certain expenses allowed under other sections. Some of these are health insurance premiums up to Rs 15,000, interest on education loan, up to Rs 40,000 on treatment on specified diseases, medical expenses on disabled dependent, your disability (if any, of course!), to name some. You could make donations to specified charitable institutions, political parties, etc. All these come under Chapter VI A deductions.

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