Deduction in respect of health insurance premia.

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.... as specified in sub-section (9), out of his income chargeable to tax in the tax year. (2) In the case of an assessee, being an individual, the sum referred to in sub-section (1), shall be the aggregate of the whole of the amount paid- (a) to effect or keep in force an insurance on the health (herein referred to as health insurance) of the assessee or his family, or any contributions made to th....

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....tive health check-up, shall be allowed up to Rs. 5000 in aggregate. (4) The amount of sum referred to in sub-section (2) shall not exceed Rs. 50000 in aggregate of the sum specified under sub-section (2)(a) and (c) or aggregate of the sum specified under sub-section (2)(b) and (d). (5) In the case of an assessee, being a Hindu undivided family, the sum referred to in sub-section (1), shall be th....

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....m specified in sub-section (2)(a) or (b) or (5)(a) is paid to effect or keep in force the health insurance of any person specified therein, and- (a) such person is a senior citizen, the amount of sum as provided in such clauses, shall be substituted with Rs. 50000 for Rs. 25000; and (b) such sum is paid in lump sum in the tax year for more than a year, a deduction shall be allowed for each of ....