One of most understood and widely used section is 80C. In this section, we will just touch upon the points which are really well known and will explain the ones which are not so well known.
Really Well known:
- LIC policy: for you, your wife, children and parents.
- Providend Fund.
Not Very well known:
- School Fees: If you have school/college going children, you can add it here.
- Principal paid to set off any housing loan.