Section 80C: Deduction in respect of payment of Life insurance premium, Children Education Expenditure etc.
1. Payment of tution fees to any university,college,school or any other educational instituion situated in India for the purpose of full-time education of the children.
2.Payment of Life insurance premium for insurance policy taken on the life:
(i) In case of individual: Such individual, his/her spouse,and child (whether major or minor)
3.Contribution made towards Public Provident Fund (PPF) in respect of following persons:
(i ) In case of individual: Such individual, his/her spouse and child (whether major or minor
(ii)In case of HUF : Any member of HUF
4.Contribution in the Unit Linked Insurance Plan (ULIP) of Unit Trust of India or ULIP of LIC Mutual Funda u/s 10(23D)
5.Contribution made towards Statutory Provident Fund (SPF) and Recognised Provident Fund
6.Contribution made towards an approved Superannuation Fund
7.Payment of subscription to a notified deposit scheme