Deductions for individuals

what is the scope of investment for taking deduction under chapter vi in income tax

can i get deduction from gross total income if i invest in fixed deposit into bank for five year.

the total amount of dedcution u/s 80C is Rs. 1lacs.  The dedcutions under the other sections are apart from the deduction u/s 80C.  Indviduals can get deductions under the following sections:

80C, 80CCF, 80G, 80D, 80DD, 80DDB, 80GG

For an individual:

Sec 80C, 80CCC, 80CCD - Total Rs. 100000

Sec 80CCA

Sec 80CCB

Sec 80D = Rs. 15000 plus Rs. 20,000 additional for paying any medical isurance premium of any relative covered under this Sec, who is senior citizen

80D - Rs. 50,000 and Rs. 1,00,000 in case of servere disability

80E - No limitation

80G - 50% of 10% of Adjusted GTI

80U

Investment in Fixed Deposit with Bank for 5 years is eligible for deduction under Chapter VI provided all the conditions stipulated in 80C(2)(xxi) has been fulfilled.