Tax holiday under the Income Tax Act 1961 has been used in the context of which one of the following?

The correct option is Section 80 IA

Key Points

Section 80-IA of the Income Tax Act provides a 100 % tax deduction for certain industrial companies involved in infrastructure development. Section 80IA provides deductions in respect of profits and gains from undertakings or enterprises
engaged in infrastructure development/ operation/maintenance, generation/transmission/ distribution of power, etc.

Additional Information10(5) AND RULE 2B] - Salary Income - Income Tax.  

Travel must be within India; overseas travel is not exempt.

For example, if an employer provides an allowance of 50,000 but an employee spends only 40,000 on travel, the exemption is limited to 40,000.

A person may claim a deduction for health insurance premium and preventive medical check-up expenses for himself, spouse, dependent children, and parents. This is subject to the conditions specified in Section 80D of the Income Tax Act of 1961.

Section 80CCC of the Income Tax Act, 1961 provides deductions of up to 1.5 lakhs per annum.