Sentences with phrase «avail of the additional tax»
Senior citizens should invest at least Rs 50,000 to avail of the additional tax benefit that NPS provides
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Take advantage of these health check - ups and also avail additional tax benefit on them.
Under Section 80D of the Income Tax Act, one can avail deduction of up to Rs 15,000 for self, spouse and dependent children, while an additional Rs 20,000 is available for parents above the age of 60 (who fall in the senior citizens category) on premium paid for a health insurance plan.
In case you avail the life insurance policy in your parent's name, you will be eligible for an additional tax deduction benefit of Rs. 25,000 / -.
This comes as an additional benefit of buying a term insurance, you can avail tax benefits.