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The term Tax Deduction is a core concept under taxation. Get to know the definition of Tax Deduction , what it is, the advantages, and the latest trends here. Overview of deductions under salaries, house property, business, capital gains, other sources, and 80C-80G contributions for AY 2026-27. Limits and eligibility explained. (200 Char)... Complete guide to Income Tax allowances & deductions for salaried employees in India. Learn what you can claim under the Old Tax Regime for AY 2025-26.