Question

    Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?

    A Section 80C Correct Answer Incorrect Answer
    B Section 80DD Correct Answer Incorrect Answer
    C Section 80D Correct Answer Incorrect Answer
    D Section 80G Correct Answer Incorrect Answer

    Solution

    An individual can claim a deduction for the payment of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961. This section provides tax benefits for premiums paid towards health insurance policies for oneself, family, and parents

    Practice Next