Finance glossary

What is Section 80D?

An old-regime tax deduction for health insurance premiums paid for yourself, your family and your parents.

You can claim up to ₹25,000 a year for yourself, your spouse and children (₹50,000 if any of them is a senior citizen), plus up to ₹25,000 more for your parents (₹50,000 if they are senior citizens). Preventive health check-ups count within these limits up to ₹5,000.

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