FY 2015-16; The Income Tax Deduction under Sec. 80D

The deduction under Sec 80D is also available to taxpayers who buy health insurance for their parents. If you include your parents in your family floater plan, the deduction limit goes up to Rs. 50,000 (Rs. 25,000 + Rs. 25,000) in FY 2015-16. If even one of them is a senior …

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Use Income Tax Exemption to Enhance Health Cover..!

By Mukesh Kumar, HDFC Ergo General Insurance Finance minister Mr. Arun Jaitley announced in his Union budget for 2015-16 raised the exemption limits from Rs. 15,000 to Rs. 25,000 for non-senior individuals and from Rs. 20,000 to Rs. 30,000 for senior citizens.

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Budget 2015-16: Health Insurance Premium Deduction, is it very Useful?

The budget 2015-16 appears to encourage its citizens to get adequate medical cover. For individuals (other than senior citizens), the deduction allowed under Section 80D for health insurance Premium is up by Rs. 10,000 to Rs. 25,000. ( (from Rs 15,000) The deduction allowed f…

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Health Insurance and Income Tax deduction

Any one will get tax deduction under the Indian income tax section 80 D up to Rs.15,000. The deduction for parents’ policy premium is over & above the deduction allowed for self, spouse & kids. If you and your parents are more than 60 years old, that is senior citize…

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Types of Health insurance in India

Health insurance popularly known as mediclaim provides healthcare costs if the insured is hospitalized for more than 24 hours. With medical expenses increasing skyrocketing with passing time, health insurance is excellent option to make sure that you receive best healthcare…

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Types of Health insurance

Health insurance popularly known as mediclaim provides health care costs if the insured is hospitalized for more than 24 hours. With medical expenses increasing skyrocketing with passing time, health insurance is excellent option to make sure that you receive best health ca…

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