Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
An individual can claim a deduction for the payment of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961. This section provides tax benefits for premiums paid towards health insurance policies for oneself, family, and parents.
Raman's earnings have gone up by 12.5%. While maintaining the same level of expenditure, his savings have increased by 50%. Determine the percentage of ...
What is the ratio of 'Anil's monthly savings to 'Jaggu's monthly savings if 'Anil' and 'Jaggu' have monthly Income's in a 5:6 ratio, and 'Anil's monthly...
The annual income of Rehan is Rs. 672000. He spent 28% of his monthly income on rent. ‘z’% of the remaining monthly income was spent on food by him....
Total monthly income of A, B and C is Rs.1,02,720.A, B and C save 20%, 10% and 25%, of their incomes. If the ratio of their monthly expenditures is 3 : ...
In 2021, ratio of salaries of 'Abhi' and 'Mohani' was 8:5, individually while the ratio of their expenses was 5:3, individually and savings of 'Abhi' is...
Calculate the monthly savings of Vicky and Vinnay if their monthly incomes are in the ratio of 7:9, and their monthly expenditures are Rs. 6200 and Rs. ...
The earnings of 'Amit' and 'Bittu' are in the ratio 5:8. Their respective expenditures are in the ratio 4:7. If the gap between their savings is Rs. 6,0...
The monthly incomes of Sarah and David are in the ratio 5:6, respectively, and the respective ratio of their savings is 1:2. If the monthly savings of S...
The respective ratio of monthly income of A to monthly income of B is 8:9, and A’s saving is (100/9) % more than B’s saving. Find the expend...
Anju spends 16% of her monthly income on rent, 22% of it on groceries, 14% of it on children's education and 50% of the remaining on other items. If ₹...
