Health insurance benefits: Taxpayers' guide to getting income tax rebates

Quick Summary:

For those paying premiums for both themselves and senior citizen parents, the combined limit can go up to Rs 75,000 annually.

The maximum deduction is Rs 25,000 per year, which increases to Rs 50,000 if the insured is a senior citizen.

It is one of the most effective ways to manage financial challenges arising from health emergencies.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Health Insurance Tax Rebate Finance news Health Insurance benefits Health Insurance tax Section 80D Tax on Health Insurance Income Tax Tax Planning Finance Financial Tips

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 10:33:45 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24392014

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 288 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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