Here're The Sectors NRIs Can Claim Tax Deduction For

Outlook Money

NRIs

There is no restriction for an NRI or a non-resident taxpayer to claim deduction in life and health insurance premium paid by them.

NRI

Health Insurance Premium

For NRIs, the health insurance premium is paid from the insurance company registered with the Insurance Regulatory and Development Authority of India (Irdai).  

Health Insurance Premiums

Public Provident Fund (PPF)

An NRI is not allowed to open a new PPF, however can contribute to the existing account until its original maturity or the existing one. In respect to such contributions, an NRI can also claim deductions.

PPF

Deductions For Life Insurance Premium And PPF

The deductions for life insurance premium and PPF come under Section 80C of the Income-tax Act, 1961 and for health insurance under Section 80D are available only if one opts for the old tax regime.

Deductions

Are The Deductions Available Under New Tax Regime?

Under the new tax regime, the deductions are not available for health insurance. If one wishes to claim under the old tax regime, then ITR has to be filed before the deadline.

New Tax Regime

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