The following are eligible (up to one lac only )
under section 80 C ----
1. Payments of LIC premiums for self,spouse and children both major&minor.
2. investments in PPF or in recognised PF and in ULIP.
3.Investments in annuity or pension policies.
4.Investments in -EQUITY LINKED SAVINGS SCHEME- of any mutual fund or UTI.
5.Payment of tution fees for full time education of any two children.
6.Payments for acquiring house and repayment of house loans.
7.fixed deposits in post office time deposit or Bank term deposit-2006.
and
in addition, Rs.20000/- deduction for investment made in notified long term infrastructure bonds.
under section 80 C ----
1. Payments of LIC premiums for self,spouse and children both major&minor.
2. investments in PPF or in recognised PF and in ULIP.
3.Investments in annuity or pension policies.
4.Investments in -EQUITY LINKED SAVINGS SCHEME- of any mutual fund or UTI.
5.Payment of tution fees for full time education of any two children.
6.Payments for acquiring house and repayment of house loans.
7.fixed deposits in post office time deposit or Bank term deposit-2006.
and
in addition, Rs.20000/- deduction for investment made in notified long term infrastructure bonds.
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