The maximum possible amount of deduction u/s 80D is —

CS Executive · Tax Laws and Practice · PYQS · December 2014
The maximum possible amount of deduction u/s 80D is —
(A) ₹15,000
(B) ₹20,000
(C) ₹35,000
(D) ₹40,000.

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) ₹40,000.. For the then applicable section 80D limits, senior-citizen self/family and parent limits could each reach 20,000, totalling 40,000. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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