Section u/s 80C:- An Individual or HUF Assessee may entitled to avail deduction up to Rs.150000/- on certain investment, which are described as below: -

1. Life insurance Premium of (a) Self, spouse and any child in case of individual and (b) any member in case of HUF.

2. As contribution to Public Provident fund (PPF), in the name of self, spouse and any child in case of individual and any member in case of HUF.

3. As contribution by an employee to a recognized provident fund and approved superannuation fund.

4. Any sum deposited in SUKANYA SAMRIDHI ACCOUNT, for any girl child of individual.

5. Subscription to the National saving scheme( NSC issued by post offices)

6. Tuition fees (excluding development fees, donation and etc.) to any university, college and school of any two children of individual.

7. Fixed deposit for 5 years or more with scheduled bank or Post offices.

8. Contribution to any Mutual fund and pension fund referred U/s 10(23D).

9. Payment of PRINCIPLE AMOUNT towards housing loan. (Purpose of housing loan is for purchase or construction of residential  house property)

10.Investment in ULIP Plans and LIC Mutual fund as notified by government.