📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      What is the limit amount for deduction in respect of

      Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?
      A ₹10,000 for individuals below 60 years of age and ₹15,000 for senior citizens. Correct Answer Incorrect Answer
      B ₹15,000 for individuals below 60 years of age and ₹20,000 for senior citizens. Correct Answer Incorrect Answer
      C ₹20,000 for individuals below 60 years of age and ₹30,000 for senior citizens. Correct Answer Incorrect Answer
      D ₹25,000 for individuals below 60 years of age and ₹50,000 for senior citizens. Correct Answer Incorrect Answer

      Solution

      Explanation: Under Section 80D, the deduction limit for Medical/Health Insurance Premium is ₹25,000 for individuals below 60 years of age and ₹50,000 for senior citizens.

      Practice Next
      ask-question