Deduction in respect of Health Insurance Premium (Section 80D)
Everybody knows medical emergencies can occur at any time or at any age in the life of any individual and nobody can guess about these emergencies so it is very safe to take health insurance policy. And in order to promote these policies government take very good initiative in favor of individual to reduce gross total income by the premium paid as per provision mentioned below under this section.
An individual or HUF can claim deduction of premium paid on health insurance in order to save tax up to Maximum amount of Rs. 1,00,000. And individual or HUF can reduce their gross total income as per the below mentioned provisions.
Read more on: https://taxguru.in/income-tax/deduction-respect-health-insurance-premium-section-80d.html
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