How to claim deductions under 80C to 80U in ITR1
The Income-tax Act offers various tax benefits on certain investments and expenditures that can help you lower your gross taxable income and thereby your tax liability. Investments in PPF, EPF, ELSS and so on offers tax benefit up to a maximum of Rs 1.5 lakh. Similarly, first-time homebuyers can claim tax benefit under section 80EE. This video will tell you about all the deductions that you can claim to save on income tax.