80C is one of the most common income tax deductions which help you to save taxes. Section 80C of the Income Tax Act allows certain investments and expenditure to be tax-exempt. Every Individual and HUF has an option to claim deduction under section 80C upto Rs. 100,000 for making payment towards specified investment irrespective of how much you earn and under which tax bracket you fall. We have prepared list of these investment options, as below: 1. Amount paid to effect or to keep in force a life insurance OR amount paid to effect or to keep in force a contract for a non-convertible deferred annuity. 2. Amount by way of deduction from the government salary for the purpose of securing the employee a deferred annuity or making provision for his spouse or children. 3. Contribution by an individual to any Provident Fund under the PF Act, 1925 upto Rs. 70,000 OR contribution to any Provident Fund set up by the Central Government (Public Provident Fund) 4. Contribution by an employee to a recognized provident fund OR contribution by an employee to an approved superannuation fund OR subscription to any such security scheme of the Central Government 5. Subscription to savings certificate as specified in Government Savings Certificates Act,1959 (National Saving Scheme,1992), such as NSC OR contribution for participation in the Unit-Linked Insurance Plan,1971 of UTI 6. Contribution for participation in any Unit-Linked insurance Plan of the LIC Mutual Fund as prescribed OR amount paid to effect or to keep in force a contract for annuity plan of the Life Insurance Corporation or any other prescribed insurer. 7. Subscription to any units of prescribed mutual fund. 8. Contribution by an individual to any pension fund set up by any prescribed Mutual Fund or the specified company (UTI- Retirement Benefit Pension Fund) 9. Subscription to any such deposit scheme of, or as a contribution to any such pension fund set up by the National Housing Bank. 10. as subscription to any such deposit scheme of- a. a public sector company which is engaged in providing long term finance for construction or purchase of houses in India for residential purposes; or b. any notified authority constituted in India by or under any law enacted either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, or for both. 11. as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of admission or thereafter to any university, college, school or other educational institution situated within India 12. for the purposes of purchase or construction of a residential house property the income from which is or would have been chargeable to tax under the head “Income from House Property” 13. Subscription to equity shares or debentures forming part of any eligible issue of capital approved by the Board by a public company or public financial institution. 14. as term Deposit- a. for a fixed period of not less than five years with a scheduled bank; and b. which is in accordance with a notified scheme. 15. as subscription to notified Bonds of NABARD. 16. in an account under the Senior Citizen Savings Rules, 2004. 17. as five year time deposit in an account under the Post Office Time Deposit Rules, 1981. We at Taxmantra.com have the expertise in handling complicated individual taxation issues. Do contact us immediately; we are here to help in solving