5 Tax Deductions Most People Miss, Don’t Be One of Them

Antara Bhattacharyya

Home Office Deduction If you work remotely, claim expenses for workspace, utilities, and internet. Many overlook this valuable tax-saving deduction.

Medical Expenses Out-of-pocket medical bills, prescriptions, and health insurance premiums can be deductible if they exceed a set income percentage.

Education Expenses Tuition fees, student loan interest, and skill-upgrading courses can qualify for deductions under education-related tax provisions.

Charitable Donations Donations to registered charities, NGOs, or relief funds can be deducted if proper receipts and proof are maintained.

Investment-Linked Deductions Contributions to PPF, ELSS, NPS, or insurance plans help reduce taxable income while growing your long-term wealth.

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