Multiple choice general knowledge

A Tax Payer can claim tax exemption for self and dependent parents for medical insurance under section ?

  1. 80C

  2. 80RR

  3. 80A

  4. 80D

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

Section 80D of the Income Tax Act provides tax deductions for health insurance premiums paid for self, spouse, dependent children, and parents. Section 80C covers general investments, 80RR is for royalty income, and 80A doesn't exist in this context.