Maximum limit for the deduction of Life insurance premia from the gross total income is .

Related MCQs

• The deduction of life insurance premia, contribution to provident fund, etc. will is done under of Income Tax Act, 1961.
• Gross Total Income is arrived after .
• Maximum deduction under section 80CCE is subject to a maximum of
• As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.
• Deduction of tax at source for insurance commission is @ ___________________.
• Expenditure incurred on exempted income is.............. as deduction.
• In Income Tax Act, 1961, deduction under sections 80C to 80U cannot exceed .
• Deduction in respect of contribution to pension scheme of central government comes under _____________of Income Tax Act, 1961.
• The deduction available under section 80QQB in respect of royalty income of authors shall not exceed _____________in previous year.
• The maximum aggregate amount of deduction under sections 80C, 80CCC and 80CCD cannot exceed .