The following deductions/exemptions are available for salaried individuals: Standard deductions (Rs 50,000) Leave Travel Allowance (for domestic travel) HRA – House Rent Allowance (partial or total) Work-related expenses (telephone bills, meal coupons, etc.) Deduction under different Sections of Chapter VIA of Income Tax Act:80C, 80CCC, 80CCD(1) – Life Insurance premiums, ULIPs, PPF, NPS, tuition fees, etc. 80D – Premiums paid towards health insurance policy 80C, 24B, and 80EE/ 80EEA – Home loan repayment 80E – Education loan interest 80G – Contributions to approved charitable organisations 80TTA – Savings account interest