The basic exemption limit for income tax in India for the financial year 2023-24 is ₹2.5 lakhs for individuals below the age of 60 years.

The highest marginal income tax rate in India for the financial year 2023-24 is 42% for individuals with an annual income exceeding ₹15 lakhs.

Fixed deposit interest is not a type of income tax deduction allowed under Section 80C of the Income Tax Act, 1961.

The maximum amount of deduction allowed under Section 80C of the Income Tax Act, 1961, is ₹1.5 lakhs.

Preventive health check-up expenses are not a type of income tax deduction allowed under Section 80D of the Income Tax Act, 1961.

The maximum amount of deduction allowed under Section 80D of the Income Tax Act, 1961, is ₹25,000.

Tuition fees paid for children's education is not a type of income tax deduction allowed under Section 80E of the Income Tax Act, 1961.

The maximum amount of deduction allowed under Section 80E of the Income Tax Act, 1961, is ₹1 lakh.

Donations to political parties is not a type of income tax deduction allowed under Section 80G of the Income Tax Act, 1961.

The maximum amount of deduction allowed under Section 80G of the Income Tax Act, 1961, is 50% of the gross total income.

Stamp duty and registration charges paid for purchase of residential property is not a type of income tax deduction allowed under Section 80GG of the Income Tax Act, 1961.

The maximum amount of deduction allowed under Section 80GG of the Income Tax Act, 1961, is ₹5,000.

Stamp duty and registration charges paid for purchase of residential property is not a type of income tax deduction allowed under Section 80GGA of the Income Tax Act, 1961.

The maximum amount of deduction allowed under Section 80GGA of the Income Tax Act, 1961, is ₹25,000.

Medical expenses incurred for parents is not a type of income tax deduction allowed under Section 80U of the Income Tax Act, 1961.

The maximum amount of deduction allowed under Section 80U of the Income Tax Act, 1961, is ₹1 lakh.