Robinhood Insurance Broker Private Limited

What Are The Tax Benefits Under A Health Plan (Section 80D)?

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).

Senior/non-senior citizen

Medical premium paid &
Maximum tax deduction to avail

Total deduction under section 80d

 

Self, spouse and dependent children

Parents (dependent & not dependent)

 

All members fall under "non-senior citizen" category

Up to Rs 25,000

Up to Rs 25,000

Rs 50,000

Your parents are senior citizens. However, you and your spouse are not.

Up to Rs 25,000

Up to Rs 30,000

Rs 55,000

Your parents are senior citizens.
You or both you and your spouse are senior citizen.

Up to Rs 30,000

Up to Rs 30,000

Rs 60,000

For more information, read - Section 80d: income tax deduction for health insurance

If you have any queries concerning the tax deductions under section 80D of the income tax act, drop us a message in the comments section below or give us a ring at 86559 86559.

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Tab 2

2 burgers per month

burger₹ 700
Your yearly cost on fast food = roughly ₹ 8,400
price
Cost of Health Insurance for whole family with ₹ 5 lakhs cover!

Tab 3

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