Sentences with phrase «towards health insurance premiums»

Under Section 80D of the Income Tax Act of 1961, payments made by senior citizens towards health insurance premiums enjoy tax exemptions.

Payments made towards health insurance premiums are eligible for tax deductions under the section.

These points can then be used with over 400 partners for flights, shopping or towards your health insurance premium itself.

Most of the people are not even aware that the expenses they make towards health insurance premium, children's tuition fees, house loan payment, house rent etc. qualify as valid tax deductions.

Not exact matches

This rebate is an amount the government contributes towards the cost of your private hospital health insurance premiums.

This section permits deductions on amounts spent by an individual towards the premium of a health insurance policy.

This means that if you pay a premium of Rs. 20,000 towards health insurance and undergo a preventive health check - up costing Rs. 4,000 - the sum total of Rs. 24,000 qualifies for tax exemption under Section 80D.

Will you be responsible to pay any additional amount towards your health insurance while on maternity leave or refund any premiums paid by your employer?

As a small business owner, any premiums you pay towards your employees» group health insurance coverage are deducted from your business taxes as a business expense.

Income Tax Act's Section 80D allows income tax deductions on the amounts spent towards the health insurance policy's premiums by an individual.

Income Tax benefits on premiums paid towards the Health Insurance policy u / s 80D as per Income Tax Act.

This plan also help the policyholder receive tax benefits under Section 80D for all the premiums paid towards health insurance benefits of the Income Tax Act, 1961.

If the premium paid by an individual is towards a health insurance policy for his or her parents who are senior citizens of age 60 or more, the maximum health insurance benefit is capped at Rs 30,000

W.e.f. assessment year 2016 - 17, this exemption has been increased to INR 20,000 per annum, if the premium is contributed towards health insurance with an additional INR 15,000 for parents.

By paying annual premiums towards health insurance policies, costs towards contingent health issues can be broken down into several uniform and much smaller payments and the total financial burden of major unexpected medical conditions are borne by the insurance company.

In recognition of the fact that higher premiums are major obstacles towards people availing higher coverage, insurance companies have come up with top - up and super top - up plans, aimed towards increasing health insurance coverage while limiting the outgoing premium.

You can invest in a health or life insurance policy and the premiums you pay towards either are eligible for tax deductions.

It not only covers all the medical expenses in the hour of need, but also helps you to save on taxes as the premium paid towards health insurance policy is eligible for tax exemption under section 80C.

A critical illness policy is basically a health insurance policy and it offers tax benefits towards the premiums paid under section 80D of the Income Tax, 1961.

In case of individuals the premiums paid up to Rs. 15000 towards Health Insurance will be exempted from taxable income and Rs 20,000 for senior citizens is allowed as a deduction from the taxable income each year under section 80D of the Income Tax Act.

Some part can go towards term insurance and health insurance premium.

You can get a tax rebate for the health insurance premiums paid towards the health insurance policy:

The premiums paid towards health insurance policy allow you to claim tax deductions under section 80 D.

According to section 80D of Income Tax Act, 1961, the premiums paid towards health insurance policy are tax deductible.

Upon paying the premium amount towards getting individual health insurance, you can avail tax deduction under section 80D of the Income Tax Act, 1961.