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Section 80D lets you claim deductions on health insurance premiums paid for yourself, your family, and even your parents. Depending on the age of the insured, you can claim up to ₹25,000 or ₹50,000, ...
In India, health insurance isn’t just a safety net for medical emergencies—it’s a smart way to save on taxes. One of the most beneficial provisions in the Income Tax Act is Section 80D, which allows ...
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Tax savings before March 31: What does Section 80D of I-T Act entail, how health insurance aid in reducing taxes?
As health insurance premiums continue to increase, individuals with policies should consider utilising tax deductions provided by Section 80D of the Income Tax Act. This particular provision, ...
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Before filing ITR, be sure to know about these sections... Pay special attention to 80C, 80D, 24B
The Income Tax Department has notified ITR-1 and ITR-4 forms for the assessment year 2025-26. These forms are for those individuals and entities whose annual income is up to 50 lakhs. That is, the ...
Having a health insurance policy provides a safety net for you and your family members. In addition to providing financial security, a health insurance policy can also help you save on taxes. To ...
Investing in medical insurance is not just about safeguarding your family’s health; it’s also a smart financial move. If you’re considering investing in health insurance for your family and want to ...
Section 80D of the Income Tax Act, 1961, allows an individual to claim a deduction of up to Rs. 25,000 (Rs. 50,000 for senior citizens) in respect of any expenditure incurred on preventive health ...
Section 80D limits fall short of rising healthcare costs, risking family underinsurance. Experts urge Budget 2026 to increase Section 80D limits and adjust for medical inflation. Raising preventive ...
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