Deduction for health insurance: permits individuals and HUFs to deduct premiums for approved health insurance and CGHS. A deduction for health insurance allows an individual or a Hindu undivided family to deduct sums paid in the year to effect or maintain health insurance ... Summary
Deduction for health insurance: permits individuals and HUFs to deduct premiums for approved health insurance and CGHS.
A deduction for health insurance allows an individual or a Hindu undivided family to deduct sums paid in the year to effect or maintain health insurance for specified persons, and permits individuals to deduct contributions to the Central Government Health Scheme. Eligible persons include the insured, spouse, dependent children and parents, and HUF members. The deduction applies only where the health insurance scheme is framed by an insurer approved by the insurance regulator.
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