ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Under which section of the Income Tax Act can an

    individual claim a deduction for the payment of health insurance premiums?
    A Section 80C Correct Answer Incorrect Answer
    B Section 80CCD Correct Answer Incorrect Answer
    C Section 80D Correct Answer Incorrect Answer
    D Section 80DD Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Section 80D┬аoffers tax deductions on health insurance premiums of up to a maximum limit of тВ╣ 25,000 in a financial year. You can claim deductions for a policy bought for yourself, your spouse and your dependent children.

    Practice Next
    More Money and Capital Budgeting Questions
    ask-question