As per provisions of Section 80 CCF , an additional deduction of Rs.20000/- can be claimed from Gross Total Income as Deduction in addition to Rs. 100000/- under Section 80C (LIC Premium,School Fees,Housing Loan Repayment , etc.,)
On account of the same, the tax savings for an Individual can be to the maximum of Rs. 6180/-.
To avail this deduction , the Investment in Long Term Infrastruture Bonds shall be made on or before 31st of March.
