Various deduction

1) Standard Deductions up to 50000

2)Under Section 80C,80CCC & 80 CCD - you can get deductions up to 1.5 Lakh ( LIC premium, Children                 Education      Fees, PPF , Deposit in Sukanya A/C, EPF Home Loan Principle payment etc. are the major              factor   where you can get deducutions .)

3) House Rent Allowance

4) Leave Travel Allowance 

5) Medical Insurance Deductions - up to 50000

Up to Rs. 10000 interest earning from saving account under section 80TTA , you can get deductions .