The investments that fall under Section 80C

The investments that fall under Section 80C.

• Provident Fund
• Public Provident Fund
• Life insurance premium
• Pension plans
• Equity Linked Saving Schemes of mutual funds
• Infrastructure bonds
• National Savings Certificate

Besides these investments, the payments towards the principal amount of your home loan are also eligible for an income deduction.

All the above must be made from the current year's earnings and not past earnings. So if you are paying tax for the financial year 2005–'06, then your investments must be made from earnings during this period.