General deduction for investment in PPF, PF, LIC,ULIP, Stamp duty on house, Fixed deposits for 5 years, bonds, Contribution to statutory PF or Recognised PF, For LIC policy must be in self or spouse's or any child's name. Premium paid towards LIC policy not exceeding 20% of the total sum assured. Repayment of housing loan principal towards self occupied residential property. Payment of tuition fees towards any two children of the assesses.
