Beyond Section 80C A Sophisticated Guide to Indian Tax Planning The Foundation: Section 80C Section 80C is the cornerstone of Indian tax planning, offering a standard ¹1.5 lakh deduction But sophisticated taxpayers know this is just the beginning of a c omprehensive tax strategy. Unlock Deeper Savings A truly efficient tax strategy delves deeper into the Income Tax Act to unlock substantial savings beyond the standard deduction. Multiple Sections Explore various provisions across the Income Tax Act Strategic Planning Integrate deductions into a cohesive financial plan Maximize Benefits Combine multiple sections for optimal tax savings Section 80D: Health Insurance ¹25K Self & Family Deduction for health insurance premiums ¹50K Senior Citizens Higher limits for parents above 60 years ¹75K Maximum Total Combined deduction potential for family coverage Section 80D allows deductions for health insurance premiums covering self, family, and parents, with significantly higher limits for senior citizens. Section 24(b): Home Loan Interest ¹2 Lakh Maximum deduction on interest paid for home loans A significant benefit that is often underutilized by homeowners Medical & Disability Deductions Section 80DD Deduction for medical treatment of a dependent with a disability ¹75,000 for disability (40% or more) ¹1.25 lakh for severe disability (80% or more) Section 80DDB Deduction for treatment of specific diseases ¹40,000 for individuals below 60 years ¹1 lakh for senior citizens Salary Structuring for Salaried Individuals Structure your salary to include tax-exempt components and reduce taxable income through legitimate exemptions. Leave Travel Allowance LTA exemption for domestic travel expenses incurred during leave Meal Reimbursements Tax-free reimbursements for meal expenses during work Communication Bills Reimbursements for phone and internet bills used for work The Holistic Approach Financial Goals Align with genuine needs Tax Provisions Integrate various sections Cohesive Plan Create unified strategy Minimize Tax Optimize total outgo Key Takeaways Look Beyond 80C Explore multiple sections including 80D, 24(b), 80DD, and 80DDB for additional deductions Structure Smartly Optimize salary components with LTA and reimbursements to reduce taxable income Plan Holistically Integrate all provisions into a cohesive strategy aligned with your financial goals Start Planning Smarter Today Adopt a sophisticated approach to tax planning that goes beyond the basics and maximizes your savings potential.