CA shares Unpopular Tax Deductions and Benefits that Salaried Taxpayers Miss While Filing ITR

The Income Tax Act 1961, offers several Tax Deduction and benefits to salaried employees such as HRA exemption, 80C, 80CCC ,80CCD, Level Travel Allowance, Employee Provident fund, standard deduction, PPF, NPS etc. These are some common exemptions and deduction that help salaried individual save tax. However, there are some other tax deduction and benefit which many salaried taxpayers do not know about. Here are the top 11  tax deductions and benefits that are unfamiliar:

1. Under Section 24, Taxpayers who have bought a home loan from relatives or friends to buy a new house can claim the interest payments as a deduction.
2. Section 80D allows taxpayers to claim deduction of Rs 50,000 for Medical Bills of Uninsured Parents.
3. Section 80D also allows  deduction of Rs 5,000 for Preventive health check-up of self, spouse, and dependent children.
4. Under section 80GG if taxpayers are not receiving HRA from their employer, can still claim a deduction maximum limit of Rs. 60,000 for rent paid
5. Taxpayers can also claim a deduction specified under Section 80DDB of Rs. 40,000 if they have a dependent suffering from disease, like dementia, dystonia musculorum deformans, motor neurone disease, ataxia, chorea, hemiballismus, aphasia, and Parkinson’s disease.
6. Long–term capital losses can only be offset against long-term capital gains. However, Short–term capital losses can be offset against both short-term and long-term capital gains.
7. Taxpayer can Open NPS account can claim extra Rs50,000.
8. Under multiple sections of income tax Hindu Undivided Family can claim deductions.
9. Under Section 80U, taxpayer with disability can claim a deduction of Rs 75,000 to Rs 1,25,000. Additionally, If they have a dependent with a disability, they can claim a same amount of deduction under Section 80DD.
10. Joint home loans borrowers can receive a tax rebate of Rs 150,000 for principal repayment under Section 80Cand Rs 2,00,000 for interest payment under section 24.
11. Under Section 80G if taxpayers regularly contribute to registered charities or NGOs, they can claim tax deductions of 50%, depending on the organisation.

Here is his Twitter Post:

11 hidden, unpopular, or lesser-known tax deductions and benefits that salaried taxpayers often miss while filing their Income Tax Returns.#IncomeTax

— CA Chirag Chauhan (@CAChirag) July 27, 2025

Hope you find the same useful