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• House Loan Interest: It is house loan interest which is fully deductible to its full amount extent.
• General Payday Expenses: Salaried employees' general expenditure for which a standard deduction would always cover all such expenses.
• Health Insurance Premiums: Even health insurance premium can be deducted for oneself and family.
Deductions reduce the income tax directly and when tax credits are available, they decrease the final tax liability.
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