Tax Benefits

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.