Multiple choice general knowledge

What is the maximum amount a tax payer can get exemption from Sec 80C for Assessment Year 2009 - 10.

  1. 110000

  2. 150000

  3. 100000

  4. 100001

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under Section 80C of the Indian Income Tax Act, the maximum deduction limit for the assessment year 2009-10 was 100000 rupees. This limit has been revised upwards in subsequent years, but for the specified period, one lakh was the cap.