Deduction from gross Total income is allowed under Sec. 80C up to lower of the Qualifying amount or a maximum of.

Question

Quizplus · Accepted Answer

Under Section 80C of the Income Tax Act, deductions from gross total income are allowed up to the lower of the qualifying amount or a maximum of Rs. 1,50,000. However, since the options provided do not include Rs. 1,50,000, the closest and historically accurate option before the limit was updated to Rs. 1,50,000 is Rs. 1,00,000.

Deduction from Gross Total Income Is Allowed Under Sec