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SAVE TAX Upto 49,440 On an investment of 1,60,000
100000 under section (80C), PPF, NSC, EPF, Equity Linked Savings scheme(Mutual Fund), ULIP, Life Insurance Premium, Tuition Fees, Housing Loans Principal, Bank FD, Nabard Bond
20000 (80CCF) Infrastructure bond issued by LIC,IFCI, L & T, IDFC etc
40000 (80D) Medical Insurance