MCQ
Deduction of Medical Insurance Premium is allowed under section ______.
  • A
    80 C
  • B
    80 TTA
  • C
    80 E
  • 80 D

Answer

Correct option: D.
80 D
(d) 80 D
Explanation: Deduction on Section 80D in Income Tax Act. You are allowed to claim a deduction up to Rs. 25,000 per budgetary year for medical insurance premium instalments.

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