Mother's Day 2026
Women who choose the old tax regime can avail tax exemption of up to Rs 1.5 lakh under section 80C (section 123 in the new ITA 2025). Many popular investment options are included under this.
- Public Provident Fund (PPF)
- Employees Provident Fund (EPF)
- Equity Linked Savings Scheme (ELSS)
- Tax Saving Fixed Deposit
- life insurance premium
- Sukanya Samriddhi Yojana (SSY)
- Payment of home loan principal
According to CA Dr. Suresh Surana, these investments not only reduce taxable income but also help in saving and wealth creation in the long run.
Additional tax exemption from NPS
By investing in National Pension System i.e. NPS, you can get additional tax exemption of up to Rs 50,000. This exemption is different from the Rs 1.5 lakh limit of 80C. Dr. Surana says that NPS can be beneficial for working women in terms of retirement planning, long-term savings and tax savings.
Tax saving on health insurance also
Tax exemption is available on medical insurance premium under section 80D.
- Up to Rs 25,000 for self, husband and children
- Up to additional Rs 25,000 for parents
If the insured person is a senior citizen, then this limit goes up to Rs 50,000. In this, the cost of health checkup is also included within the prescribed limit. With this, mothers can also take care of the health security of their children and elderly parents in a better way.
Relief on children's tuition fees
In India, tuition fees paid for children's education can also be availed of tax exemption under Section 80C. This facility can be useful for those mothers who want to do both children's education and tax planning simultaneously.
Sukanya Samriddhi Yojana for daughter
Sukanya Samriddhi Yojana (SSY) account opened in the name of daughter is considered to be one of the most tax saving investment options. In this, tax exemption is available on investment, along with this, the interest and maturity amount also remains tax free.
It is important to make the right choice between the old and new tax regime.
The thing to note is that most of the tax benefits mentioned above are available only in the old tax regime. If a taxpayer chooses the new tax regime, he does not get many of these exemptions. Therefore, experts say that while doing tax planning for FY27, mothers should take the right decision between the old and new tax regime keeping in mind their income, investment needs and future goals.
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