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