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    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 offers tax deductions on health insurance premiums of up to a maximum limit of ₹ 25,000 in a financial year. You can claim deductions for a policy bought for yourself, your spouse and your dependent children.

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