What is the maximum deduction allowed for medical insurance premiums under Section 80D? Option: "Rs. 25,000", "Rs. 15,000", "Rs. 50,000", "Rs. 10,000"

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What is the maximum deduction allowed for medical insurance premiums under Section 80D?

"Rs. 25,000"

"Rs. 15,000"

"Rs. 50,000"

"Rs. 10,000"

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Which tax deduction section specifically covers medical insurance premiums?

Section 80CCC

Section 80D

Section 80CCD

Section 80C

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

Rs. 1,50,000

Rs. 1,00,000

Rs. 2,00,000

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. 2,50,000"

"Rs. 1,00,000"

"Rs. 1,50,000"

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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"

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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