Section 80C: Deduction in respect of payment of Life insurance premium, Children Education Expenditure etc.
- 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.
- Payment of Life insurance premium for insurance policy taken on the life:
- In case of individual: Such individual, his/her spouse,and child (whether major or minor)
- Contribution made towards Public Provident Fund (PPF) in respect of following persons:
- In case of individual: Such individual, his/her spouse and child (whether major or minor
- In case of HUF : Any member of HUF
- Contribution in the Unit Linked Insurance Plan (ULIP) of Unit Trust of India or ULIP of LIC Mutual Funda u/s 10(23D)
- Contribution made towards Statutory Provident Fund (SPF) and Recognised Provident Fund
- Contribution made towards an approved Superannuation Fund
- Payment of subscription to a notified deposit scheme
