Tax Ben­e­fits

Consumer Voice - - Health Insurance Cover -

Un­der Sec­tion 80 (D)

This de­duc­tion is exclusive of other in­come tax de­duc­tions avail­able to the se­nior cit­i­zen. This sec­tion of­fers de­duc­tion from to­tal in­come up to Rs 20,000 per each as­sess­ment year for pre­mium paid on a health in­sur­ance pol­icy.

Un­der Sec­tion 80 (DDB)

Any ex­pen­di­ture in­curred by the se­nior cit­i­zen for med­i­cal treat­ment of self and suf­fer­ing from a ter­mi­nal dis­ease (cancer, AIDS, re­nal fail­ure, etc.) is avail­able up to Rs 60,000.

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