What is the maximum amount of tax exemption an individual can claim on NPS contributions under Section 80CCD(1B)? Option: Rs. 2 Lakh, Rs. 1 Lakh, Rs. 50,000, Rs. 1.5 Lakh

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What is the maximum amount of tax exemption an individual can claim on NPS contributions under Section 80CCD(1B)?

Rs. 2 Lakh

Rs. 1 Lakh

Rs. 50,000

Rs. 1.5 Lakh

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What is the maximum amount an individual can claim as a tax exemption under Section 80C of the Income Tax Act, as per the text?

Rs 15,000

Rs 1,600

Rs 2,500

Rs 1,50,000

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What is the maximum amount of tax deduction allowed under Section 80C?

Rs. 2,00,000

Rs. 50,000

Rs. 1,50,000

Rs. 1,00,000

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

Rs. 1,00,000

Rs. 2,00,000

Rs. 1,50,000

Rs. 2,50,000

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What is the maximum amount that can be deducted from gross income under Section 80C of the Income Tax Act in India?

"Rs. 2,00,000"

"Rs. 1,00,000"

"Rs. 1,50,000"

"Rs. 2,50,000"

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What is the maximum amount of deduction allowed under Section 80C for the financial year?

"Rs. 2,00,000"

"Rs. 1,50,000"

"Rs. 50,000"

"Rs. 1,00,000"