Section 80D - Income Tax Deduction & Exemption Under Section 80D

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Section 80d
Introduction Basics
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What is Section 80d?
Section 80D allows for the deduction for money
spent on maintaining your health
and health insurance, and assumes great
significance in your tax planning and personal
finance. Section 80D provides for tax deduction
from the total taxable income for the payment (by
any mode other than cash) of medical insurance
premium paid by an Individual or a HUF. This tax
deduction is available over and above the
deduction of Rs. 1,50,000 under Sec. 80C.
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Eligibility under Section 80D

• 1. A resident individual can avail the deduction,
  according to section 80D, against the premium
  paid for health insurance services for below
  family members
• Self
• Children
• Spouse
• Parents
• 2. A Hindu Undivided Families can also claim tax
  deduction under the section 80D. The Premium
  payments should be towards the medical insurance
  of an HUF member only and the tax deduction is
  allowed up to the maximum permitted limit of the
  act.