Question
What is the limit amount for deduction in respect of
Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?Solution
Explanation: Under Section 80D, the deduction limit for Medical/Health Insurance Premium is ₹25,000 for individuals below 60 years of age and ₹50,000 for senior citizens.
- Which of the following statements is/are true? 
- Which of the following is not correct? 
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- Who sits immediate left of Q? 
- How many persons sit between A and D? 
- Six persons F, G, H, I, J and U sit in a straight row facing north direction. F sits immediate right of G. I sits immediate right of J. Three persons si... 
- Which of the following pairs represent the people sitting at extreme end of the rows? 
- There are six persons F, G, H, I, J and K sitting around the circular table facing towards the centre. F sits second to the right of H. One person sit b... 
- Which of the following statement(s) is/are true? - I. N and L are immediate neighbors - II. Only one person sits between Q and O when counted ... 
- Who among the following sits on the extreme ends of the row?