Mr. X aged 78 years, Resident in India paid medical insurance premium of ₹ 52,000 by cheque and ₹ 4,000 by cash during May, 2018 under a medical Insurance Scheme of the General Insurance Corporation. The above sum was paid for insurance of his own health. He would be entitled to a deduction under section 80D of a sum of
A. ₹ 30,000
B. ₹ 50,000
C. ₹52,000
D. ₹ 56,000
Answer:B
Mr. X aged 78 years, Resident in India paid medical insurance premium of ₹ 52,000 by cheque and ₹ 4,000 by cash during May, 2018 under a medical Insurance Scheme of the General Insurance Corporation. The above sum was paid for insurance of his own health. He would be entitled to a deduction under section 80D of a sum of
A. ₹ 30,000 B. ₹ 50,000 C. ₹52,000 D. ₹ 56,000