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HomeEducation Education How a health insurance plan helps you save tax? How a health insurance plan helps you save tax?

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How a health insurance plan helps you save tax?

How a health insurance plan helps you save tax?

Saturday, March 4, 2017, 12:14 PM
You get a tax deduction of a maximum of INR 25,000 a year, under Section 80D of the income tax act, on the premium paid for a health insurance plan, for self and family. If you pay the health insurance premium for your parents who are senior citizens, you get a tax deduction of a maximum of INR 30,000 a year.
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