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...
Are there any tax benefit with health insurance plans? 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 ...
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