New Delhi, July 14 -- Taxpayers often stick to general known deductions like 80C, 80D, etc, but miss out on some other significant deductions, which can reduce tax liability. Before one sends the return, one must take time to revisit the financial year. A little awareness can go a long way in reducing the tax burden.

The Indian Income Tax Act, 1961, offers numerous deductions to reduce taxable income, yet many taxpayers, while filing returns, miss the lesser-known provisions that can significantly reduce the tax liability if only one remembers to claim them. While popular sections like 80C (investments) and 80D (health insurance) are widely used, unfortunately, many of these are overlooked either due to a lack of awareness or complexity ...