Deductions Reference Guide — Old Regime FY 2025-26
Section · Max Deduction · Document Needed
Section 80C
₹1,50,000 combined
PPF
Document Needed
PPF passbook — contributions Apr 2025–Mar 2026
Life Insurance
Document Needed
Premium payment receipts (self/spouse/children's policies)
ELSS Mutual Funds
Document Needed
AMC or broker statement showing investments during the year
Tuition Fees
Document Needed
School/college fee receipts for up to 2 children
Home Loan Principal
Document Needed
Certificate from lender showing principal repaid in FY 2025-26
Tax-saving FD
Document Needed
FD receipt from bank (5-year lock-in)
Section 80D
Up to ₹75,000
Health Insurance (Self/Family)
Up to ₹25,000
Document Needed
Premium payment receipt + policy certificate
Parents' Health Insurance
₹25K (₹50K if senior)
Document Needed
Premium receipt for parents' policy
Section 80CCD(1B)
Additional ₹50,000
NPS — National Pension System
Document Needed
NPS Tier 1 contribution statement
Over & above 80C limit
Section 80G
50% or 100% of donation
Donations (Varies)
Document Needed
Donation receipt + transaction reference number + recipient bank IFSC. Digital proof mandatory from AY 2026-27.