alleryStart learning →For 80DDB, the deduction is reduced by amounts received from:
AGifts from friends
BInsurer or employer payout
CBank interest earned
DSale of the old home
Answer & Solution
Correct answer: B. Insurer or employer payout
The second proviso reduces the deduction by sums received from an insurer or reimbursed by an employer.
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Related questions
For an individual under 80DDB, 'dependant' includes the spouse, children, parents and:For a senior citizen, the 80DDB limit rises to:Section 80DDB allows the amount actually paid or Rs 40,000, whichever is:A resident supports a disabled dependant and spends on treatment; the base 80DD deduction If the dependant predeceases, the 80DD deposit is:Besides spending on treatment, 80DD also covers payment into a scheme of:Section 80DD grants a deduction for expenditure on a dependant who is:Which condition is included in the definition of 'disability' for section 80U?