Question
Under which section of the Income Tax Act, 1961, can an
individual claim a deduction for the payment of Medical/Health Insurance Premium?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
Select the most appropriate option to substitute the bold segment. If no substitution is required select 'No substitution'.
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