Total amount of tax deductions allowable as per Income Tax act is limited to the gross total income of the tax payer. In this article we are showing you the available Income tax deduction based on the present law applicable in India.
Section 80C – Some of the major items for tax deduction u/s 80C are- amount paid or deposited towards life insurance, contribution to Provident Fund set up by the Government, recognized Provident Fund, contribution by the assessee to an approved superannuation fund, subscription to National Savings Certificates, tuition fees, payment/ repayment for purposes of purchase or construction of a residential house and many other 
investments)(for full list, please refer to section 80C of the Income-tax Act) (Please note that as provided u/s 80CCE, aggregate amount of deduction u/s 80C, 80CCC and 80CCD shall not exceed one lakh rupees per year.
80CCC – Tax Deduction in respect of contributions to certain pension funds
80CCD(1) – Tax Deduction in respect of assessee’s contributions to pension scheme of Central Government). 80CCD (2) – Deduction in respect of employer’s contributions to pension scheme of Central Government.
80CCG – Tax Deduction in respect of investment made under an equity savings scheme
Section 80D – Tax Deduction in respect of Medical Insurance Premium and contributions to CGHS.
Section 80DDB – Tax Deduction in respect of medical treatment, etc
Section 80E – Tax Deduction in respect of interest on loan taken for higher education
Section 80G – Tax Deduction in respect of donations to certain funds, charitable institutions, etc.
Section 80GG – Tax Deduction in respect of rents paid
Section 80GGC – Tax Deduction in respect of contributions given by any person to political parties
80IA – Profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
80IAB -Profits and gains by an undertaking or enterprise engaged in development on Special Economic Zone
80IB – Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
80IC/80IE – Special provisions in respect of certain undertakings or enterprises in certain special category States/ Special provisions in respect of certain undertakings in North-Eastern States
80ID – Allowed in respect of profits and gains from business of hotels and convention centers in specified area
80JJA – Allowed in respect and gains from business of collecting and processing of bio-degradable waste
80QQB – Tax Deduction in respect of royalty income, etc., of authors of certain books other than text books
80RRB – Deduction in respect of royalty on patents
80TTA – Allowed in respect of interest on deposit in savings account
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