MutualSaathiFinancial PlanningWhat tax benefit does health insurance give under Section 80D?
Tax
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.

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