Medical Insurance Premium Deduction (Section 80D)

Tax Glossary Definition

Medical Insurance Premium Deduction (Section 80D)

Medical Insurance Premium Deduction (Section 80D) – Deduction allowed for premiums paid towards health insurance for self, family, and parents, subject to prescribed limits. Example: If ₹25,000 is paid for self-health insurance, the full amount is deductible under Section 80D

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