Deductions Under 80C under Direct Tax code 2011 (applicable from 2012)

 Total deduction available is Rs 1.5 lakhs.


 Government Provident Fund (GPF)
 Public Provident Fund (PPF)
 Recognised Provident Funds (RPF)
 Pension Scheme of Pension Fund Regulatory and Development Authority
Deductible from total income, up to overall limit of Rs. 100,000 for approved funds




Life insurance products
Deduction for insurance premium (not exceeding 5% of the capital sum assured), health Insurance premia & tuition fees to the extent of ` 50,000