Health plans allow tax advantages. Premiums paid for medical insurance policies for self, family and dependent parents qualify for tax deduction under Section 80D. The limit of deduction if INR 25, 000 for covering self and family and another INR 25, 000 for covering dependent parents. Moreover...
50, 000 in a year under section 80D, provided your parents are senior citizens. *Tax benefit is subject to changes in tax laws Pre-Existing Disease Cover: Health insurance plans consider pre-existing diseases, e.g. diabetes, hypertension, etc., for claims after an initial waiting period as...
Health insurance premium paid offers tax deduction benefits under Section 80D of the income tax act, up to ₹25,000 each for family and parents and up to ₹50,000 for senior citizen parents. These 80D tax benefits are in addition to Section 80C tax deductions of ₹1.5 lakhs. ...
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