Deduction for medical insurance premium under section 80D. Section 80D Medical
Insurance Premium and Preventive Health Check-up or Central Government Health
Scheme (CGHS) or Evaluator, exempts any individual or Hindu Undivided Family from
contributing to any scheme informed by the Central Government regarding the health of
his family, parents or HUF's Members
Discount for Medical Insurance Premium U / Sec 80D
Where an assessor is eligible, the following expenses are eligible for a discount:
(A) The health of the
assessee or his family or any contribution to the Central Government Health
Scheme or such scheme may be informed for the implementation of any insurance
for his health or the full amount paid by the Central Government on behalf of
the Assessor or his family. Pays any amount paid for health check-ups and the
total amount does not exceed Rs. 25,000; And
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(B) The total amount of insurance payable for the payment of any amount
paid for an effective or immediate or preventive health check-up for the health
of the assessor's parents or guardians shall not exceed 25,000 in total.
(C) The assessor or
any member of his family, who is a senior citizen or a very senior citizen and
has not taken out medical insurance, the full amount paid for health care or
material for the health of any member of his family, not exceeding Rs.30,000/-
(D) The total amount
of money spent on medical expenses incurred for the health of the parents of
any valued person does not exceed Rs.30,000 / - as the assessor is a senior
citizen or a very senior citizen and does not have medical insurance. 50,000
Explanation: The spouse of the family determiner and the
dependent child
Any amount paid for preventive health check-ups will be paid
through any mode including cash and in all cases other than preventive health
check-ups in any other way except cash.
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Where the assessee is a Hindu undivided family, the eligible
expenses for the exemption will be aggregated as follows:
(A) The full amount
paid for compensation or insurance for the health of any member of the entire Hindu undivided family which does not exceed one thousand rupees in total.
25,000
(B) The total amount
of money spent on medical expenses for the health of any senior citizen or
senior citizen member of a Hindu undivided family shall not exceed Rs. 50,000
and no payment has been made for the payment of any insurance or for any
person's health:
Further, provided that the sum of the amount specified under
section (a) and section (b) shall not exceed Rs. 2,000 in total. 50,000
In the case of senior citizens, this amount will not be more
than fifty thousand rupees.
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Note: - Where this amount has been paid in the previous year
or for applying for health insurance of a person specified for more than one
year, subject to the provisions of this section, the exemption must be approved
proportionally for each previous year.
Explanation: For the purpose of this subdivision,
Senior citizen means
any individual resident in
The exemption is also available under Section 80D for
contributions to the Central Government Health Project. However, this discount
is not available on HUF. This discount is available to any individual and only
in the case of health insurance policies taken for the individual, spouse and
dependent children. If a person is dependent or does not take out an insurance
policy for the health of the parents, the exemption will not be available under
this section.
Exemption under this section, under this limit, in respect of payment or contribution to be made by the assessor in this national health Scheme as per notification by the Central Government.
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