
Tax
What tax benefit does health insurance give under Section 80D?
Rs25,000 deduction for self, spouse, and children; additional Rs25,000 for parents (Rs50,000 if parents are senior citizens). Maximum deduction: Rs75,000/year for a family with senior citizen parents. Preventive health check-up costs up to Rs5,000 are included within the 80D limit. Available in old tax regime only.
Financial Planning

