25 November 2010
If an individual of 66 year, paid the following amounts - what will be deduction avaliable to him under section 80D - Rs. 20,000/- or Rs. 22,500/- ?
he had deposited insurance premium on the life of self of Rs. 12,500, wife Rs. 13,000, son and daughter Rs. 28,000, made investment of Rs. 50,000 in the bonds issued by NABARD and Paid Rs. 22,500 by Credit Card for mediclaim insurance of the family.
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