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Second documentBest Tax Saving Options Other than 80C & 80D in India 2026Open original ↗
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Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Financial Planning - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Tax Savings - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Tax Saving Options for Salaried Professionals
Tax Benefits on Home Loans: Purchasing a home using a loan can help you avail significant tax benefits under different sections of the Income Tax Act. Under Section 80C, you can claim a deduction of up to ₹1.5 lakh per financial year on the principal repayment of your home loan. Additionally, under Section 24(b) , you can claim a deduction of up to ₹2 lakh per financial year on the interest paid on a home loan if the property is self-occupied. If the house is rented out, the entire interest amount can be deducted from rental income. Moreover, first-time homebuyers can avail an additional deduction of up to ₹50,000 under Section 80EE if the loan amount does not exceed ₹35 lakh and the property's value is under ₹50 lakh.
Key Takeaways
Section 80E allows deductions on interest paid for education loans for self, spouse, children, or legal wards. Section 24(b) provides up to ₹2,00,000 deduction on home loan interest for self-occupied property.