Question

What is the maximum deduction allowed for life insurance premiums under Section 80C of the Income Tax Act in India?

a.

Rs. 50,000

b.

Rs. 1,00,000

c.

Rs. 1,50,000

d.

Rs. 2,00,000

Answer: (c).Rs. 1,50,000 Explanation:Currently, the maximum deduction allowed for life insurance premiums under Section 80C of the Income Tax Act in India is Rs. 1,50,000.

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Q. What is the maximum deduction allowed for life insurance premiums under Section 80C of the Income Tax Act in India?

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