The Income tax department with a view to encourage savings and investments amongst the taxpayers have provided various deductions from the taxable income under chapter VI A Each of these are for a different tax deduction to help you save tax. For example:
Section 80C helps save up to ₹1, 50,000 on investments like Life insurance, ELSS, PPF, etc.
An additional deduction for investment up to ₹ 50,000 in NPS is available under subsection Section 80CCD (1B).
Section 80D allows tax deduction on premiums paid for health insurance
Section 80G allows tax deduction on donations to charitable institutes and trusts.
Section 80E allows tax deduction on the interest paid against the education loan.