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of <h1>Section 80D: Tax Deductions for Medical Insurance Premiums and Expenses for Individuals and HUFs Explained</h1> Section 80D of the Income Tax Act allows deductions for medical insurance premiums and medical expenses for individuals and Hindu Undivided Families (HUF). Eligible deductions include premiums for self, family, and parents, with limits of 25,000 or 50,000 if any insured person is a senior citizen (60 years or older). Preventive health check-up payments are capped at 5,000 within the overall limit. Payments must be made through non-cash modes, except for preventive health check-ups. The total deduction cannot exceed 75,000, and lump-sum payments for multi-year insurance are proportionally deductible.
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