Which investment are eligible for Deduction under Income Tax and upto which limit ?

POSTED BY Mukesh Agarwal ON December 23, 2010 3:50 pm COMMENTS (2)

Hi Members

I want to know that which investment are eligible under income tax. I know only that, the given below are deducted in Income Tax.

Rs 1,00,000 Lakhs (NSC, PPF, LIC, TD, Etc)

Rs 15,000 Mediclaim (Rs 20,000 for SC) ,

Rs 20,000 Infrastructure bonds.

Please suggest me is there anything more investment from which i get deduction from any act from Income Tax. Please your valauble suggestion.

Thanks

Mukesh

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