Question

Which of the following payments or investments does NOT qualify for a tax deduction under Section 80C? 

A Principal repayment of a residential housing loan
B Life insurance premium paid for the taxpayer's spouse and children
C Investment in a 5-year Fixed Deposit with a scheduled bank
D Life insurance premium paid for the taxpayer's dependent parents
E Tuition fees paid for the full-time education of up to two children
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)