https://www.taxtmi.com/acts?id=49124 Provides a statutory framework for a deduction from taxable income for payments related to health insurance, preventive health check-ups and medical expenditure by individuals and Hindu undivided families. Aggregate caps limit combined deductions across premiums and medical expenditure, with higher premium ceilings for senior citizens and prorated treatment for lump-sum multi-year premiums. Payment-mode rules allow cash only for preventive check-up claims and require non-cash payment for other deductible items, and qualifying insurers or schemes must be approved. en-us Fri, 14 Feb 2025 17:07:50 +0530 Fri, 14 Feb 2025 17:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49124 Provides a statutory framework for a deduction from taxable income for payments related to health insurance, preventive health check-ups and medical expenditure by individuals and Hindu undivided families. Aggregate caps limit combined deductions across premiums and medical expenditure, with higher premium ceilings for senior citizens and prorated treatment for lump-sum multi-year premiums. Payment-mode rules allow cash only for preventive check-up claims and require non-cash payment for other deductible items, and qualifying insurers or schemes must be approved. Act-Rules Bills Fri, 14 Feb 2025 17:07:50 +0530 https://www.taxtmi.com/acts?id=49124