<h1>Section 80C Deduction Now Includes Post Office, Senior Citizens Schemes for Investments from April 1, 2007 Onward.</h1> Section 80C of the Income-tax Act allows individuals and Hindu undivided families (HUF) to claim a deduction of up to Rs. One lakh for investments in specific savings instruments or expenses like tuition fees and housing loan repayments. The government has expanded this section to include investments in the Five Year Post Office Time Deposit Account and the Senior Citizens Savings Scheme. Investments made from April 1, 2007, onward are eligible for this deduction. Drawing and Disbursing Officers should consider these investments when determining an employee's TDS liability for the financial year 2007-08 and beyond.