A ) Other Deductions :
1 ) Similar to Residents, NRIs can claim a deduction of maximum Rs. 2,00,000 for interest paid on a home loan for a house property, which is lying vacant. For a property which is rented out, the entire interest out go was allowed as a deduction. But from AY 2018-19, Interest limit has been fixed to a maximum of Rs 200000 for rented property also
While calculating rental income of the house property, deduction towards property tax paid as well as 30 per cent standard deduction is allowed to be claimed.
2 ) Deduction under Section 80D :
NRIs are allowed to claim deduction for premium paid for health insurance. This deduction is available up to Rs. 20,000 for senior citizens and up to Rs. 15,000 in other cases for insurance of self, spouse and dependent children. Additionally, an NRI can also claim a deduction for insurance of parents (father or mother or both) up to 20,000 if their parents are senior citizen and Rs. 15,000 if the parents are not senior citizens. Therefore, an NRI will be able to claim a maximum deduction of Rs. 40,000 under this section. Beginning FY 2012-13, within the existing limit a deduction of up to Rs. 5,000 for preventive health check-ups is also available.
3 ) Deduction under Section 80E :
Section 80E allows NRIs to claim a deduction of interest paid on an education loan. This loan may have been taken for higher education for the NRI, or NRI's spouse or children or for a student for whom the NRI is a legal guardian. There is no limit on the amount which can be claimed as a deduction under this section. The deduction is available for a maximum of 8 years or till the interest is paid, whichever is earlier. No deduction is allowed on the principal repayment of the loan.
4 ) Deduction under Section 80G :
If eligible donations have been made as per section 80G of the income tax act, deduction is allowed to NRIs.
5 ) Deduction under Section 80TTA :
Non-resident Indians can claim deduction on income from interest on savings bank account up to a maximum of Rs. 10,000 like Resident Indians. This is allowed on deposits in savings account (not time deposits) with a bank, co-operative society or post office and is available starting FY 2012-13.