Are There Any Income Tax Deductions Available to NRI?

There is also an Income tax deduction under section 80D, which is available for the premium health insurance. Under this, a taxpayer can get a deduction of up to 25,000 INR for the child, spouses, and NRI can also claim a deduction for their parents, which is up to 25,000 INR. 

However, there is a limit for the deduction is 50,000 INR, and if the insurance premium is paid for the senior residents, then Senior NRI citizens cannot get the deduction under section 80D.

Here are the allowable deductions for the NRI under section 80C: 

• For life insurance premium payments: if the policy of the premium life insurance is in the name of NRI, spouse, or any child, who is independent/dependent, married or unmarried, minor/ adult, and the premium must be lower than 10% of the sum. 
• Repayments on the loan for purchasing a house property: A deduction is available for NRIs on house loan repayments taken for purchasing property or construction. Deductions also include registration fees, stamp duty, and other expenses associated with transferring property to an NRI. 
• Unit-linked Insurance plans: ULIP includes plans for the life insurance of LIC and mutual and you can get a deduction under section 80C
• ELSS investments: ELSS is the most preferred choice for the NRIs to invest, and under this investment, you can easily get the deduction of up to 1.5 lakh INR, which also offers an Exempt-Exempt-Exempt (EEE) benefit to the taxpayers. 
• Payment for the child's tuition fees: If the tuition fees are paid for the child to attend college, university, or any educational institution in India for two children.