Dividend Income//OCI//Sec 80C//FYE 31 Mar 2023//AY 2023-24

Hello,

I'm an OCI with dividend income in India of ~ INR 225K. To my understanding  -

• 100% of this dividend income is taxable @ 20% + cess etc etc.
• I'm not eligible to claim standard deductions. 

The question that I have is, can I contribute to ELSS  and reduce taxes payable (by opting for the old scheme)?

Thank you for your time.