{"id":4705,"date":"2023-09-22T10:23:44","date_gmt":"2023-09-22T10:23:44","guid":{"rendered":"https:\/\/bdsadvisories.com\/?page_id=4705"},"modified":"2023-09-23T09:25:41","modified_gmt":"2023-09-23T09:25:41","slug":"tax-eligible-deductions","status":"publish","type":"page","link":"https:\/\/bdsadvisories.com\/index.php\/tax-eligible-deductions\/","title":{"rendered":"Tax eligible deductions"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4705\" class=\"elementor elementor-4705\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9872de3 e-flex e-con-boxed e-con e-parent\" data-id=\"9872de3\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-46170f3 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"46170f3\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! 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elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div class=\"row title-wrapper\"><div class=\"col-lg-12\"><h2>\u00a0<\/h2><h2 class=\"section-heading\" style=\"text-align: center;\">Tax eligible deductions<\/h2><\/div><\/div><h4 class=\"breadcrumbs\" style=\"text-align: center;\">NRI Taxation\u00a0<span class=\"breadcrumbs-separator\">\/<\/span>\u00a0<span class=\"post post-page current-item\">Tax eligible deductions<\/span><\/h4><p style=\"text-align: center;\">\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5192f44 e-con-full e-flex e-con e-parent\" data-id=\"5192f44\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bb45f86 elementor-widget elementor-widget-heading\" data-id=\"bb45f86\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-large\">Tax eligible deductions<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a1e8538 e-con-full e-flex e-con e-parent\" data-id=\"a1e8538\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b09303d elementor-widget elementor-widget-text-editor\" data-id=\"b09303d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">A taxpayer choosing the new tax regime under section 115BAC will not have access to the following deductions, except for deductions under sections 80CCD(2) and 80JJAA, which will remain available under the new tax regime:<\/span><\/p><p><span style=\"color: #000000;\">The following are some of the most common and relevant deductions available:<\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80C: Deduction for payments such as life insurance premiums, deferred annuity, contributions to provident fund, housing loan repayment, ULIP, etc. <\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80CCC: Deduction for contributions to certain pension funds. <\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80CCD: Deduction for contributions to the pension scheme of the Central Government.<\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80D: Deduction for health insurance premiums and preventive health check-ups. <\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80DDB: Deduction for medical treatment expenses, etc. <\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80E: Deduction for interest on loans taken for higher education.<\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80EE: Deduction for interest on loans taken for residential house property.<\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80G: Deduction for donations to certain funds and charitable institutions, etc. <\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80GG: Deduction for rent paid. <\/span><br \/><span style=\"color: #000000;\">\u2022 Section \u2013 80TTA: Deduction for interest on deposits in savings accounts.<\/span><br \/><span style=\"color: #000000;\">Please note that these deductions may not be available if you opt for the new tax regime under section 115BAC.<\/span><\/p><p><span style=\"color: #000000;\">Please be aware that the list provided above is not comprehensive, as there are various other deductions available under the Income Tax Act. If you would like to explore more about eligible deductions or have any specific inquiries, please don&#8217;t hesitate to get in touch with us. We offer assistance in NRI advisory and tax filing services.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u00a0 Tax eligible deductions NRI Taxation\u00a0\/\u00a0Tax eligible deductions \u00a0 Tax eligible deductions A taxpayer choosing the new tax regime under section 115BAC will not have access to the following deductions, except for deductions under sections [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"footnotes":""},"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages\/4705"}],"collection":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/comments?post=4705"}],"version-history":[{"count":16,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages\/4705\/revisions"}],"predecessor-version":[{"id":5102,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages\/4705\/revisions\/5102"}],"wp:attachment":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/media?parent=4705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}