NRIs Can Claim 80C Deductions: Not PPF/NSC, But ELSS, FDs, NPS Available
MMoneycontrol•13-03-2026, 07:08
NRIs Can Claim 80C Deductions: Not PPF/NSC, But ELSS, FDs, NPS Available
- •NRIs can claim Section 80C deductions for tax savings on income earned in India.
- •They cannot invest in PPF, NSC, or Senior Citizen schemes for 80C benefits as non-residents.
- •Eligible Section 80C options for NRIs include ELSS, ULIPs, life insurance premiums, tax-saving FDs, and home loan repayments.
- •NRIs can also invest up to Rs 50,000 in an NPS account, potentially reducing taxable income by Rs 2 lakhs.
- •The new tax regime offers lower rates and no investment requirement if income is below Rs 4 lakh, but NRIs are not eligible for Section 87A rebate.
