Insurance Broker

i 80c: an individual will be entitled to deductions for whole of amounts paid od deposited in the current financial year in the following schemes, subject to the maximum of rs,1,50,000/-

1. insurance premium paid on the policies of assessee, spouse, and children including premiums paid under ulips.
2. premium paid under deferred & immediate and immediate annuity plan (pension plans).
3. contribution to provident fund/ppf (up to rs.1,50,000/-) contribution to national pension scheme.
4. savings in tax saving mutual funds/ equity liquid savings scheme.
5. repayment of housing loan principle.
6. tuition fees paid for the full-time education of any 2 children.
7. postal term deposits under term deposit rule 1981/nse.
8. amount paid under senior citizens savings rules, 2004
9. fixed deposit with the banks /postal office minimum of 5 years term (tax savings scheme)
10. a max of 50,000/- under national pension scheme is exclusive & in addition to 1,50,000/- for those who are below 60 years of age.