Income Tax Saving Avenue for FY 2010 - 11

 Here we can see the some of the Income tax exception available under 80C

1. Provident Fund (PF) contribution

2. Public Provident Fund (PPF) - only up to Rs. 70,000 in a year

3. Equity Linked Savings Schemes (ELSS) of Mutual Fund Companies

4. National Savings Certificates (NSC)

5. Tax Saving Fixed Deposits with Banks

6. Premium for Life Insurance or ULIP

7. Tuition Fees of children

Maximum of Rs. 1 Lack can be shown in those above Instrument. 

Apart from the above,
You can save Upto Rs. 20,000 in Infrastructure Bond. 

 And Repayment of home loan principal also you can show.

Comparison of 80C Investments as below: