Health insurance deduction limits increased; enhanced caps and new very senior citizen medical expense deduction permitted. Amendments increase deductions for health insurance premia and medical expenditure, introduce a defined very senior citizen category for additional medical expense deduction when no insurance premium is paid for that person, and impose an aggregate cap combining insurance-premium and medical-expenditure components, with parallel rules for Hindu undivided families and updated threshold language and definitions.
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Health insurance deduction limits increased; enhanced caps and new very senior citizen medical expense deduction permitted.
Amendments increase deductions for health insurance premia and medical expenditure, introduce a defined very senior citizen category for additional medical expense deduction when no insurance premium is paid for that person, and impose an aggregate cap combining insurance-premium and medical-expenditure components, with parallel rules for Hindu undivided families and updated threshold language and definitions.
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