Public Provident Fund (for self or spouse and child only) Life Insurance Premium (for self or spouse and child only) ULIP of UTI / LIC (for self or spouse and child only) Investment in NSC - Only Fresh Invests made in current year (For Self only) Principal Loan (Housing Loan) Repayment for fully constructed property - Self Only Housing Exp - stamp duty & Registration Fee And Other Expenses Incurred For Transfer Of Property - Self Only Contribution to Pension Fund or UTI or Notified Mutual Fund (For Self only) Subscription To Notified Equity Linked Savings Schemes (ELSS)(Lock In Period 3 yrs)] - Self Only Children Tuition Fee: Restricted to a max of 2 Children Sec 80CCC - Contribution to Pension Fund - Self Only HSG Bank - Subscription To Specified Deposit Scheme Or As A Contribution To Any Such Pension Fund Set Up By National Housing Bank/UTI (Lock In Period 3 Years) ]- Self Only Deferred Annuity ( Life Insurance) - Self / Spouse and Child Investment in Notified Infrastructure Bonds - Self Only Investment in 5 years Fixed Deposit Scheme (Scheduled Bank) - Self Only Deposit in Post Office Savings Scheme (With 5 year lock in period for self, spouse & children) Rajiv Gandhi Equity Savings Scheme (Lock In Period 3 Years) Tax exemption for Direct Equity Investments if income is less than 12 lacs. The Rajiv Gandhi Equity Scheme would be open only to retail investors, who would be investing in equity markets for the first time. Lock in 3 years - For Self Only Sec 80D - Medical Insurance Premium (If the policy covers (Self / Spouse and Children)(Maximum deduction allowed U/S 80D = 25000) Sec 80D - Medical Insurance Premium (If the policy covers (Dependent Parents) (Maximum deduction allowed U/S 80D = 25000) Sec 80D - Medical Insurance Premium (If the policy covers (Sr. Citizen Dependent Parents) (Maximum deduction allowed U/S 80D = 30000) Sec 80D - Premium paid towards preventive health check-up. (Maximum deduction allowed U/S 80D = 5000) Inclusive of Limit of Rs. 25000 Eligibility = Self / Spouse / Children Sec 80D - Premium paid towards preventive health check-up. (Maximum deduction allowed U/S 80D = 5000) Inclusive of Limit of Rs. 30000 Eligibility = Dependent Parents / Sr. Citizen Parents Sec 80DDB - Medical treatment (specified diseases only)(Certificate under Form 10I from competent prescribed authority Medical bills, Exemption of Rs. 40000/- or actual expenditure whichever is lower) (for self or a dependent) Sec 80DDB - Medical treatment (specified diseases only)(Certificate under Form 10I from competent prescribed authority Medical bills, Where the amount spent is for a senior citizen above 65 years of age then the deduction is Rs 60000.00 or actual expenditure whichever is lower) (for self or a dependent sr. citizen) Sec 80DDB - Medical treatment (specified diseases only)(Certificate under Form 10I from competent prescribed authority Medical bills, Where the amount spent is for a senior citizen above 80 years of age then the deduction is Rs 80000.00 or actual expenditure whichever is lower) (for self or a dependent sr. citizen) Sec 80DD - Medical treatment / insurance of handicapped dependent (Certificate under Form 10 I from competent prescribed authority Where such dependent is a person with severe disability having any disability over 80 per cent, then the deduction is Rs 125000.00) Sec 80U - Self Handicapped [(Disability over 80 per cent, then the deduction is Rs 125000.00)] Sec 80E - Payment of Interest on higher education Loan taken for (Self / Spouse / Child) "higher education" means any course of study pursued after passing the Senior Secondary Examination or its equivalent from any school, board or university recognized by the Central Government or State Government or local authority or by any other authority authorized by the Central Government or State Government or local authority to do so