Deduction u/s 80D for Senior Citizens
Section 80D limit raised to Rs 30,000 – Deductions under section 80D are allowed on health insurance premium paid. In case of premium paid for senior citizens the deduction allowed shall be up to Rs. 30,000. This is a great relief to Senior Citizens who may have to shell out a higher premium. This limit was Rs 20,000 earlier.

Deduction u/s 80D for Other Individual
Section 80D limit raised to Rs 25,000- Deductions under section 80D are allowed on health insurance premium paid. The deduction allowed shall be up to Rs 25,000. This limit was Rs 15,000 earlier.

Deduction u/s 80CCD
Earlier the deduction was allowed for contribution to NPS (National Pension Scheme) limited to Rs. 1 Lakh [Sub Section 1A of Section 80CCD]. However, with a view to encourage people to contribute towards NPS, the maximum amount allowed to be invested in National Pension Scheme has been increased from Rs. 1 Lakhs to Rs. 1.5 Lakhs.

Moreover, in the Budget 2015 the Finance Minister Arun Jaitley has given a big boost to the National Pension System (NPS) by allowing a separate deduction of Rs 50,000 over and above the Section 80C limit of Rs 1.5 lakh. A new sub-section 1B has been introduced so as to provide for additional deduction in respect of any amount paid, of upto Rs. 50,000 for contributions made by any Individual assessees (salaried or non salaried) under National Pension Scheme.

This additional benefit of Rs. 50,000 is over and above the benefit of Rs. 1.5 Lakhs allowed to be claimed as a deduction under Section 80C. Therefore, now the total deduction that can be claimed under Section 80C + Section 80CCD = Rs. 2 Lakhs.