Under 80D deduction, you can claim a deduction in the premium amounts of your multi-year health insurance policy. However, you can only be eligible to claim the deduction if the premiums were paid in ...

Taxpayers are always looking for ways to reduce legitimately reduce their tax liability. One of the sections of the Income Tax Act, 1961 that can come to your rescue and reduce your tax liability to a ...

As per the provisions of Section 80D of the Income Tax Act, 1961, an individual is allowed an aggregate deduction of up to ₹50,000 per annum towards following payments made by him, on the health of ...

Older adults are prone to illnesses and infections and may require frequent medical care. Considering healthcare expenses are increasing by the day. Older adults are prone to illnesses and infections ...

New Delhi (India), August 10: Healthcare expenses can put a significant dent in your finances, especially during times of medical emergencies or routine medical treatments. To ease the financial ...

New Delhi [India], May 17: One of the greatest investments in life is always ensuring the good health of yourself and your family. Hence, if you intend to keep yourself financially secure regarding ...

Union Finance Minister Nirmala Sitharaman is likely to present the maiden Budget of Modi 3.0 government on July 24. In this budget, the insurance sector as well as middle-class taxpayers are hoping to ...

New Delhi [India], May 20: Health insurance plans are tools for managing medical costs. It offers you coverage for unforeseen hospital bills as well as healthcare costs when you need it the most.

As health insurance premiums continue to increase, individuals with policies should consider utilising tax deductions ...

As the Income Tax Returns (ITR) filing for the financial year 2024-25 has started, it’s time to put all your documents together to claim deductions. You can claim deductions under various sections of ...

When you most need it, health insurance covers unanticipated medical expenses and hospital fees. Getting health insurance is one of the finest strategies to get through these kinds of financial ...

Section 80D of the Income Tax Act allows deductions on money spent as premium for health insurance policy and for healthcare of family members, including parents. The limit is dependent on age. The ...