5 Questions
What is the maximum deduction allowed under Section 80D(i) for medical insurance premiums paid for self and family members?
$50,000
If an individual is a senior citizen, what is the maximum deduction allowed under Section 80DDB(ii) for medical treatment expenses?
$1,00,000
What is the maximum deduction allowed under Section 80EE for interest on loan taken for higher education?
$10,000
Which section allows a deduction for rent paid by an individual?
80GG
What is the maximum deduction allowed under Section 80CCD(1B) for additional investment in the National Pension System (NPS)?
$50,000
Test your knowledge on the deductions under Chapter VI-A of the Income Tax Act, including deductions for Medical Insurance premium, Medical treatment, Repayment of Loan Interest, and additional investment opportunities like 80CCD 1(B).
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