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.
B ₹15,000 for individuals below 60 years of age and ₹20,000 for senior citizens.
C ₹20,000 for individuals below 60 years of age and ₹30,000 for senior citizens.
D ₹25,000 for individuals below 60 years of age and ₹50,000 for senior citizens.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)