Trending @Infosys; About income tax deduction.
I have no clue about the claims in deduction in income tax.Can someone help? I haven't invested money anywhere. Can I do now and submit proofs?
First thing you need to check is if you selected the old regime or not. Deductions are only applicable for old regime.
You can still invest
80C- 1.5 L limit. You can do ppf, ELSS, ULIP (remember pf also comes under this category so some portion would be covered already)
80D - Health insurance upto 25k there is also a separate one for family health insurance
Loans - Home and education loan deduction
80CCD - NATIONAL pension scheme additional 50k benefits . Check the terms online.
LTA- Leave travel allowance. if you took any flights/ trains worth claiming add those proofs (current window is valid till Dec 25)
You can still claim before the year ends on 31st march.
LTA Is possible only through company. Later on you cannot file LTA.
