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If you have a health insurance policy, then you can avail tax exemption under section 80D. Below is the table illustrating how much of the tax exemption is allowed.

The tax saving benefits that you can avail by payment of premiums against a health insurance policy will be calculated under section 80D. Below is the table providing the details of tax benefits for health insurance (section 80D).

Under Section 80C of the Income Tax Act, a taxpayer can claim tax deduction of up to Rs 1,50,000 for a particular financial year. An individual or a Hindu Undivided Family can claim tax exemptions under this section. Section 80C comprises of a number of different investments and expenses eligible for a tax deduction. Some of them are:

Among the numerous tax-saving investment options for salaried people, here are the top few:

Tax deduction of Rs 1,50,000 can be claimed on your taxable income under Section 80C of the Income Tax Act. The earlier limit under this section (i.e. until FY 2014-15) was Rs. 1,00,000. Investments that qualify for exemption under Section 80C include:

Section 80C of the Income Tax Act, 1961, comprises of provisions for tax deductions on various payments.  The maximum deduction that can be claimed under this section, which is applicable to individuals and Hindu Undivided Family, is Rs 1,50,000.

Just met with an accident and are going to raise a claim? Wait, here are the things you first need to do before you file for an accident claim:

In the event where you or your insured property has suffered injury or damages from any unforeseen event that is included in your insurance policy, you need to raise a claim. However, make sure that your insurance policy is active i.e. you have paid all premiums regularly or your claim might be rejected. Now, in order to know the auto insurance claim process, check the steps below: