Which of the following is a tax-saving option available apart from Section 80C? Option: "Deduction for travel expenses", "Deduction for purchase of electronic gadgets", "Deduction for rent paid for accommodation", "Deduction for interest paid on education loan"

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Which of the following is a tax-saving option available apart from Section 80C?

"Deduction for travel expenses"

"Deduction for purchase of electronic gadgets"

"Deduction for rent paid for accommodation"

"Deduction for interest paid on education loan"

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Which tax benefit in India is specifically linked to the interest paid on a home loan?

"Section 24"

"Section 115BAC"

"Section 80C"

"Section 80D"

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

Insurance premium

Interest payment

Principal repayment

Processing fees

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Which tax deduction section specifically covers medical insurance premiums?

Section 80C

Section 80CCC

Section 80D

Section 80CCD

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

"Rs. 50,000"

"Rs. 1,00,000"

"Rs. 2,00,000"

"Rs. 1,50,000"

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

Rs. 2,50,000

Rs. 2,00,000

Rs. 1,50,000

Rs. 1,00,000