Which of the following is an allowable deduction under Section 80D for health in

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Question: Which of the following is an allowable deduction under Section 80D for health insurance premiums?

Options:

Correct Answer: All of the above

Solution:

All of the above are allowable deductions under Section 80D for health insurance premiums.

Which of the following is an allowable deduction under Section 80D for health insurance premiums?

Which of the following is an allowable deduction under Section 80D for health insurance premiums?

Step 1: Understand what Section 80D is. It is a part of the Income Tax Act in India that allows taxpayers to deduct certain health insurance premiums from their taxable income.
Step 2: Identify the types of health insurance premiums that can be deducted under Section 80D. This includes premiums paid for self, spouse, children, and parents.
Step 3: Check if the options provided in the question include premiums for self, spouse, children, and parents.
Step 4: Confirm that all the options listed in the question are indeed types of health insurance premiums that qualify for deduction under Section 80D.
Step 5: Conclude that since all options are allowable deductions, the answer is that all of the above are allowable deductions under Section 80D.

No concepts available.