Section 80D Health Insurance Tax Deduction Limits
Under Section 80D of the Income Tax Act, you can claim tax deductions for health insurance premiums:
- Self, Spouse & Children: Up to Rs. 25,000 (or Rs. 50,000 if self/spouse is a senior citizen).
- Parents (< 60 years): Additional Rs. 25,000 deduction.
- Senior Citizen Parents (60+ years): Additional Rs. 50,000 deduction.
- Maximum Combined Deduction: Up to Rs. 1,00,000 per financial year!
Health Insurance & 80D Calculator
🏥 Health Insurance & 80D Deduction Calculator
Estimated Annual Premium
Rs. 32,500
Section 80D Tax Deduction
Rs. 75,000
Tax Saved (30% Bracket)
Rs. 23,400
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Disclaimer: The calculations provided by these calculators are estimates based on standard rules and current policies. For official government declarations, financial planning, or investments, please consult with a certified financial planner. — Global Info Wiki Editorial Team
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