Ans: NRIs are also eligible for certain deductions under chapter VI-A of the IT Act. They can claim deductions u/s 80C on investments made in ULIPs, ELSS, the premium for life insurance policy and principal component of house loan. The deduction amount is Rs. 1,50,000. Under section 80D they can claim deductions for the premium paid for mediclaims up to Rs. 25,000. NRIs are also allowed deduction benefits u/s 80G and 80TTA similar to resident Indians.