Saving under 80c whose name can be done

In this post we will discuss only points relating to benefit of under section 80C.we have tried to cover all the important issues but if any left or you have different thoughts than ours please record in comments section.The list given below is not complete and we have covered schemes only that widely used by the persons.And we will try to cover each scheme in detail in our other post.80c saving
Scheme particulars
Available to
Can be for
amount cap
Holding period
Life Insurance premium
huf
Member of family
20% of Sum Assured
Two year
individual
spouse,own,children (major or minor,dependent or indepdent)
do
Non -Commutable defrreed annuity
individual
spouse,own,children (major or minor,dependent or indepdent)
Nil
Nil
Deferred Annuity deducted by Govt
individual
spouse,own,children (major or minor,dependent or indepdent)
20 % of salary
nil
Statutory provident and recognised Provident fund
individual
Individual only on his own name
nil
In case of Rpf 5years
Public Provident Fund
individual
spouse,own,children (major or minor,dependent or indepdent)
70000
6years
National Saving Certificate
individual /huf
own name
nil
nil
Ulip of utI and lic mutual fund(Dhanraksha)
huf
Member of family
nil
5 years
individual
spouse,own,children (major or minor,dependent or indepdent)
do
do
specified tax saving mutual fund
individual /huf
own name
nil
3 year
payment of house loan
individual /huf
own name
nil
5 year
tution fees
individual
any two children
nil
nil
specified fixed deposit with schduled bank
individual /huf
own name
nil
5 yearother points related to above
Deduction for above schemes in total is available up to Rs.100000 /-
The limit of one lac as above is total limit u/s 80C for all type of savings ,plus section 80CCC(pension policy) plus u/s 80CCD(Contributory Pension Plan).Means the aggregate amount of deduction under above referred sections can not exceed Rs. 1,00,000.
PPF limit of 70000 is not as per income tax act but specified under ppf scheme more over the limit is combined for individual plus minor child.
Accrued interest on NSC is also available for rebate for first five year.(you can download NSC interest calculator from calculator section)
Holding period has been either defined under income tax or under scheme qualified in for deduction u/s 80C