Use these legal deductions and rebates to reduce your taxable income to zero:

Step 1: Maximize Deductions Under Section 80C

Claim up to ₹1.5 lakh by investing in eligible options like:

• EPF (Employees’ Provident Fund)

• PPF (Public Provident Fund)

• NPS (Tier 1)

• ELSS (Equity-Linked Saving Scheme)

• 5-Year Tax-Saving Fixed Deposit

Avoid These Mistakes:

• Missing the investment deadline

• Putting all your money in just one instrument

Step 2: Claim Health Insurance Deduction Under Section 80D

• ₹25,000 for insurance premiums (self, spouse, children)

• ₹50,000 for senior citizen parents

Tax Tip: Opt for a family floater plan—it covers more people and boosts tax savings.

Step 3: Claim Home Loan Interest Deduction – Section 24(b)

• Deduct up to ₹2 lakh on interest paid toward your home loan

• Save documentation like EMI receipts and interest certificates

Step 4: Avail the Standard Deduction

• Salaried taxpayers can claim a flat ₹50,000

• No documentation needed—it’s automatic

Step 5: Get an Extra ₹50,000 Deduction with NPS – Section 80CCD(1B)

• Contribute beyond the ₹1.5 lakh limit of 80C

• Helps grow retirement savings while reducing taxable income

Step 6: Reduce Tax with House Rent Allowance (HRA)

If you’re paying rent, claim HRA using the lowest of the following:

• Actual HRA received

• Rent paid minus 10% of salary

• 50% of basic salary (metro cities) or 40% (non-metro)

Step 7: Apply Section 87A Rebate

If your taxable income is below ₹7 lakh (new regime) or ₹5 lakh (old regime) after all deductions, you get a rebate up to ₹25,000—bringing your final tax to ₹0

Want to Pay Zero Tax on ₹12 Lakh Income?

Our experts can help you:

• Maximise deductions and exemptions

• Optimise your ITR filing

• Stay compliant while reducing tax legally

Don’t overpay—start saving more today!