Answer

1. F

   Facts

   Under the old regime, NRIs can claim many deductions like 80C, 80D and 80TTA on savings interest. Some deductions are for residents only, such as 80TTB for senior citizens.

2. P

   Provisions and law

   • Sec 80C, Income-tax Act 1961 (now Sec 123, Income-tax Act 2025)Deduction for specified investments and payments.
   • Sec 80TTA, Income-tax Act 1961 (now Sec 153, Income-tax Act 2025)Deduction up to ₹10,000 on savings interest.
   • Sec 80TTB, Income-tax Act 1961 (now Sec 153, Income-tax Act 2025)Deduction for resident senior citizens on deposit interest.
3. A

   Analysis

   Life insurance, ELSS, tuition fees and home loan principal can count under 80C. Health insurance for yourself and parents counts under 80D. These apply only in the old regime. Compare regimes before deciding.

4. C

   Conclusion

   1. 1List eligible payments.
   2. 2Compute tax in both regimes.
   3. 3Choose the better regime.
   4. 4Claim deductions with proof.

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