What is the maximum annual deduction allowed under Section 80C of the Income Tax Act of India?

Rs. 1,00,000 Rs. 1,50,000 Rs. 2,00,000 Rs. 2,50,000

Which of the following entities are eligible for tax exemptions under Section 80C?

Individual taxpayers Hindu Undivided Families Corporate bodies Partnership firms

Which of these investment options is NOT eligible for tax deductions under Section 80C?

National Savings Certificate (NSC) Public Provident Fund (PPF) Fixed Deposit (FD) Mutual Funds

What is the lock-in period for Equity Linked Saving Schemes (ELSS) to be eligible for tax deductions under Section 80C?

1 year 2 years 3 years 5 years

What is the minimum age requirement for individuals to invest in the Senior Citizens Savings Scheme (SCSS) and avail tax benefits under Section 80C?

55 years 60 years 65 years 70 years

Which component of a home loan repayment is eligible for deduction under Section 80C?

Interest payment Principal repayment Processing fees Insurance premium

What is the maximum age of a girl child for whom parents can open a Sukanya Samriddhi Yojana account and claim tax benefits under Section 80C?

5 years 8 years 10 years 12 years