What are the deductions that can be claimed to reduce tax liability?

You can reduce your tax liability by claiming deductions in your income. The following deductions may be applicable to you:

80C: Certain Investments

80CCC: Premium Paid for Annuity Plan of LIC or Other Insurer

80CCD: Pension Contribution

80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS)

80D: Medical Insurance

80DD: Rehabilitation of Handicapped Dependent Relative

80DDB: Medical Expenditure on Self or Dependent Relative

80E: Interest on Education Loan

80EE: Interest on Home Loan

80G: Donations towards Social Causes

80GG: House Rent Paid

80GGB: Contributions given by companies to Political Parties

80GGC: Contributions given by any person to Political Parties

80RRB: In respect to any Income by way of Royalty of a Patent

80TTA: Gross Total Income for Interest on Savings Bank Account

80TTB: Interest on Deposits for Senior Citizens

80U: A person suffering from Physical Disability