Health insurance deduction expanded payment modes and higher deduction limits under amended Section 80D for taxpayers. The amendment to Section 80D substitutes the requirement that premiums be paid by cheque with payment by any mode other than cash and increases the monetary thresholds specified in the principal clauses and proviso, thereby changing the caps applicable to the medical insurance deduction.
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Health insurance deduction expanded payment modes and higher deduction limits under amended Section 80D for taxpayers.
The amendment to Section 80D substitutes the requirement that premiums be paid by cheque with payment by any mode other than cash and increases the monetary thresholds specified in the principal clauses and proviso, thereby changing the caps applicable to the medical insurance deduction.
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