A deduction as per Section 80C from income upto Rs. 1,50,000 for payments made by an Individual or Hindu Undivided Family in respect of any one or more of the following [without any sub-limit for any Investment] is allowed:
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Payment for Life Insurance Premium.
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Payment for Deferred Annuity Plan.
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Deferred Annuity payable by Government.
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Contribution to Public Provident Fund.
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Contribution to Provident Fund set upby Central Government.
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Contribution to Recognized Provident Fund.
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Contribution to Recognized Superannuation Fund.
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Subscription to any security or deposit notified by Government.
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Subscription to Savings Certificates.
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Subscription for Unit-Linked Insurance Plan, 1971.
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Contribution for Unit Linked Insurance Plan of LIC Mutual Fund.
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Payment for Annuity Plan of LIC or any other insurer.
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Subscription to units of Notified Mutual Funds.
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Contribution to Notified Pension Fund of Mutual Fund.
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Pension fund set up by National Housing Bank.
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Subscription to Deposit Scheme of Public Sector Company engaged in providing long-term finance for house.
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Tuition fees of two children in India.
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Payment of installment for self-financing for a residential property or repayment of loan.
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Subscription to equity shares or debentures as approved (for infrastructure).
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Subscription to any units of Mutual Fund as approved by the Central Board of Direct Taxes.
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Five-year Bank Fixed Deposit with conditions (from A.Y. 2007-08).
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Notified Rural Bonds issued by NABARD
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Account under the Senior Citizens Saving Scheme, 2004.
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Five-year time deposit in Post Office.
