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of <h1>Proposed Income Tax Bill Allows Deductions Up to Rs. 50,000 for Health Insurance and Medical Expenses Under Clause 126</h1> The Income Tax Bill, 2025's Clause 126 provides tax deductions for health insurance premiums and medical expenses for individuals and HUFs. It allows deductions up to Rs. 25,000 for health insurance premiums and Rs. 50,000 for medical expenditures, with an aggregate limit of Rs. 50,000. Senior citizens receive enhanced deductions of Rs. 50,000. The clause permits cash payments only for preventive health check-ups (limited to Rs. 5,000), while other payments require non-cash methods. Compared to Section 80D of the Income Tax Act, 1961, Clause 126 offers clearer definitions and additional deductions for medical expenses, encouraging health insurance coverage and preventive healthcare.
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