TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Tax Deduction for Medical Insurance Premiums Under Section 80D: Benefits for Individuals and Families Explained</h1> Section 80D of the Income-tax (Amendment) Act, 1986, introduces a deduction for medical insurance premiums. Taxpayers can deduct amounts paid by cheque for insurance premiums from their taxable income, subject to limits. Individuals can deduct premiums for their own health insurance or that of their spouse, dependent parents, or children, up to INR 3,000. Hindu undivided families can deduct premiums for any family member's health insurance. Associations or bodies of individuals, consisting only of spouses under community property systems in specified Union territories, can deduct premiums for any member or dependent children. Insurance must comply with a scheme by the General Insurance Corporation of India, approved by the Central Government.
TaxTMI 
TaxTMI 
