New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under which section of the Income Tax Act, 1961, can an

    individual claim a deduction for the payment of Medical/Health Insurance Premium?
    A Section 80C Correct Answer Incorrect Answer
    B Section 80DD Correct Answer Incorrect Answer
    C Section 80D Correct Answer Incorrect Answer
    D Section 80G Correct Answer Incorrect Answer

    Solution

    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

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