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Section 80 D of Income Tax Act, 1961 deals with tax deductions on medical insurance premiums paid for medical insurance taken for self, spouse, dependent children or parents. An individual can claim a deduction of up to Rs 25,000 for the insurance of self, spouse, and dependent children. An additional/separate deduction for parents’ insurance is available to the extent of Rs 25,000 if they are less than 60 years of age, or Rs 50,000 if your parents are aged above 60. Section 80D includes a deduction of Rs 5,000 for any payments made towards preventive health check-ups . This deduction will be within the overall limit of Rs 25,000/Rs 50,000, as the case may be.
When were the first Commonwealth Games held?
Which state is the origin of the Rouf dance, performed predominantly by women?
Who discovered the sea route from Europe to India?
When did India join the International Monetary Fund (IMF)?
Kazi Nazrul Islam is the national poet of _______
Match the following locations with their respective states known for copper production.
List-I (Copper Production)List-II (State)
(I) Ghat...
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What is the first significant feature of the Banjara Virasat Museum inaugurated by PM Modi in Maharashtra?
When was the National Development Council of India setup?
Who facilitated the opening of the Great Silk Route to Indians?