"Maximize Tax Savings with Section 80D Tips!"

Section 80D of the Income Tax Act allows salaried employees to claim tax deductions for health insurance premiums, with limits of ₹25,000 for self/family, ₹25,000 for parents below 60, ₹50,000 for senior citizen parents, and an additional ₹5,000 for preventive health check-ups within the overall cap. Payments must be made through non-cash modes to qualify.


Section 80D of the Income Tax Act provides tax benefits to salaried employees for premiums paid towards health insurance policies. Below is a summary of the tax benefits available under this section.
Category Deduction Limit Eligibility
Self and Family (excluding parents) Up to ₹25,000 Premium paid for health insurance policies for self, spouse, and dependent children.
Parents (below 60 years) Up to ₹25,000 Premium paid for health insurance policies for parents who are not senior citizens.
Parents (above 60 years) Up to ₹50,000 Premium paid for health insurance policies for senior citizen parents.
Self and Family (senior citizens) Up to ₹50,000 Premium paid for health insurance policies for self, spouse, and dependent children if the insured is a senior citizen (above 60 years).
Preventive Health Check-ups Up to ₹5,000 (within overall limit) Expenses incurred for preventive health check-ups for self, family, and parents.
Note: The total deduction under Section 80D cannot exceed the applicable limits mentioned above. Payments must be made through non-cash modes to claim tax benefits.


Calculate-taxable-income-sala    Difference-between-exemptions    Guide-to-filing-income-tax-re    Hra-tax-implications-for-sala    Key-tax-deductions-for-salari    Leave-travel-allowance-taxabl    Maximize-tax-savings-salaried    New-tax-regime-vs-old-regime    Optimize-tax-savings-salary-r    Save-taxes-through-donations-   

Topic

  • Home

  • Calculate-taxable-income-sala

  • Difference-between-exemptions

  • Guide-to-filing-income-tax-re

  • Hra-tax-implications-for-sala

  • Key-tax-deductions-for-salari

  • Leave-travel-allowance-taxabl

  • Maximize-tax-savings-salaried

  • New-tax-regime-vs-old-regime

  • Optimize-tax-savings-salary-r

  • Save-taxes-through-donations-

    Read more