Health Insurance Tax Benefit

Exclusive

Wellness Benefits

24*7 Claims

Support

Tax Savings

u/s 80D

Zero Paperwork Online Process

Pin Code

+91 Enter Mobile Number

Try agian later

I agree to the Terms & Conditions

Port My Policy

Download Policy

(Incl 18% GST)

Health Insurance Tax Benefits Under Section 80D of Income Tax FY 2024-25

Have you ever thought that opting for health insurance could benefit you in more ways than one?

Yes, you heard it right! Health insurance not only covers your medical expenses when you face health-related issues, protecting you from financial strain, but it also helps you save on taxes! Incredible, isn’t it?

The premium you pay towards a health insurance policy qualifies for a tax deduction under Section 80D of the Income Tax Act, 1961. Let’s understand how you can get health insurance tax benefits, Section 80D, its benefits, and who is eligible to take advantage of this tax-saving opportunity.

Section 80D of Income Tax
Tax Deduction Eligibility
What Deductions are Allowed?
Section 80D vs Section 80C
How Much Tax Benefit Can I Get?
Benefits of Section 80D
Tax Benefit for Senior Citizens
Mode of Payment to Avail Deductions
How to Claim a Deduction?
Documents Required
Frequently Asked Questions

What is Section 80D of the Income Tax Act?

The Income Tax Act's Section 80D allows individuals to claim a deduction of up to ₹ 25,000 from their taxes for the health insurance paid within a particular fiscal year. However, senior individuals (above 60 years of age) can claim a deduction of up to ₹ 50,000 per financial year. Therefore, people can benefit from tax savings under section 80D by buying insurance for themselves, their spouses, parents, and children.

Suppose you are giving some of your pocket money to buy something important like medicine for your family to help them get better. The government says, “Hey, that’s a good thing you are doing. Let us give you some reward”. 😄

Similarly, when you pay premiums under your health insurance for your family's well-being, section 80D of the Income Tax Act rewards you with tax deductibles you can claim to save on these premiums.

Who is Eligible for Tax Deduction Under Section 80D?

One of the easiest ways to reduce income taxes and get health insurance premium deductions is through section 80D of income tax. However, not everyone is eligible to claim a deduction. Here is a brief list of who is eligible and who is excluded from claiming a tax benefit in health insurance under section 80D of income tax.

Eligible for Claiming Tax Benefit	Excluded from Claiming Tax Benefit
Self	Siblings
Spouse	Cousins
Dependent Children	Working Children
Parents	Grand Parents
HUL (Hindu Undivided Families)	Any other Relatives

What Deductions are Allowed Under Section 80D?

In general, the deductions under 80D are of different types. It includes:

The premium paid under health insurance for self, spouse, children and parents.
Costs associated with preventive health check-ups (health checkups, physical examinations, blood tests, etc.)
The cost involved in treating a senior citizen’s health (above 60 years of age) who is not covered under a health insurance policy.

The tax deductions available under all the different types vary. You can easily calculate your tax deductions under 80D by considering the coverage options and premium paid.

Tax Deduction on Health Insurance Premium Paid for Parents Under Section 80D

People who pay their parents' health insurance premiums can claim additional mediclaim deductions with 80D. For getting a tax benefit in health insurance under 80D, you can claim up to ₹25,000 if your parents are under 60 years of age and you can claim up to ₹50,000 if your parents are above 60 years of age.

Confused? Don’t worry! Here is an example to make you understand this better.

Mr. Mehta (54 years old) pays a premium of ₹30,000 annually under health insurance for his family. In addition, he also pays a premium of ₹35,000 annually for his parents (aged below 60 years). In such a case, what will be his tax deductible?

Category	Premium Paid Annually	Maximum Allowable Deductibles under 80D	Applicable Deductibles
Mr. Mehta (below 60 age)	₹30,000	₹25,000	₹25,000
Mr. Mehta's Parents (below 60 years of age)	₹35,000	₹25,000	₹25,000
Total	₹65,000	₹50,000	₹50,000

Hence, Mr. Mehta can claim a total deductible in a year of only ₹50,000 after paying a premium for himself and his parents.

Preventive Health Check-ups under Section 80D

Preventive Health Checks are routine medical examinations that identify a specific illness through early diagnosis and tests. Therefore, the government offers tax deductions on preventive health checkups under 80D so that a person can get their regular checkups.

The maximum deduction under section 80D for preventative health examinations in a financial year is ₹ 5,000. You, your parents, your spouse and your dependent children may claim the benefits for medical checkups.

For easy understanding, let’s again take Mr. Mehta’s example.

Mr. Mehta (54 years old) pays a premium of ₹30,000 annually under health insurance for his family. He also had a regular health checkup with his children and wife and spent ₹15,000. In addition, he also pays a premium of ₹35,000 annually for his parents (aged below 60 years) and spends ₹12,000 for their checkups. In such a case, what will be his deductible?

Category	Premium Paid Annually/Actual Expenditure	Maximum Allowable Deductibles under 80D	Applicable Deductibles
Mr. Mehta (below 60 age)	₹30,000	₹25,000	₹25,000
Preventive Health Checkup for his family	₹15,000	₹5,000	₹5,000
Mr. Mehta's Parents (below 60 years of age)	₹35,000	₹25,000	₹25,000
Preventive Health Checkup of Parents	₹12,000	₹5,000	₹5,000
Total	₹92,000	₹60,000	₹60,000

Hence, Mr. Mehta can claim a total deductible in a year of only ₹60,000 after paying a premium for himself and his parents and spending on preventive health checkups.

Can Medical Expenses Be Claimed Under Section 80D?

Yes, the medical expenses can be claimed under section 80D only for senior citizens. They need higher attention due to their growing age and numerous health issues. And thus, they are required to pay higher premiums to cover everything for their good health. These high premiums cannot be afforded by every individual. Thus, section 80D offers tax deductions for medical expenses for senior citizens who do not have an insurance.

If you are paying the medical expenses of your parents (who are above 60 years old) who are not covered under any health insurance, you can claim a tax deduction under 80D. The maximum annual deduction is ₹50,000, including health insurance premiums (if any) and medical expenses.

Difference Between Section 80D and Section 80C

Section 80D and Section 80C appear the same for most people, but the case is not so. Both acts differ in terms of purpose, maximum deduction, and premium insured under different insurance. Here is a chart that highlights the difference between Section 80D and Section 80C of Income Tax.

Feature	Section 80D	Section 80C
Purpose	Deduction for Health Insurance Premiums	Deduction for various investments and expenses
Flexibility	Only specified health-related expenses	Flexible for a diverse range of investment
Eligible Insurance & Expenses	Health Insurance & Preventive Health Check-ups	Life Insurance, PFF (Public Provident Fund), Home Loan, EPF, NSC, etc.
Maximum Deduction	₹ 25,000 for self, spouse and children (under 60) ₹50,000 for parents (above 60)	₹1,50,000
Payment Method	The premiums must be paid through non-cash mode	Investment and Expenses done through any mode of payment
Eligible Candidate	Individuals and HUFs	Individuals and HUFs

In brief, Section 80D focuses on health insurance and medical expenses, helping you save on taxes related to your and your family's health whereas Section 80C covers various savings, investments, and specific expenses.

How Much Tax Benefit Can You Get on Health Insurance?

The table below lists the section 80D tax benefits related to health insurance. It shows the maximum tax deductions for self, spouse, dependent children, and parents. The following deductions apply to all plans designated as 80D medical insurance.

Covered Individuals	Medical Insurance Premium Paid (₹)		Total Tax Deduction under 80D
Covered Individuals	For Self, Spouse and Children	For Parents	Total Tax Deduction under 80D
You, Your Family & Parents (all below 60 years of age)	25,000	25,000	50,000
You and Your Family (below 60 years of age) and Your Parents (above 60 years of age)	25,000	50,000	75,000
You and Your Parents (all above 60 years of age)	50,000	50,000	1,00,000
Members of HUF	25,000	25,000	50,000

Disclaimer: You can only claim these tax deductions under 80D with the Old Tax Regime. The New Tax Regime of FY 2023-2024 does not offer any tax deduction under 80D.

Tax Benefits of Health Insurance

Multi-year Health Insurance Premium Deductions Under Section 80D

In order to take advantage of the long-term policy discount provided by Indian insurance firms, many consumers get multi-year health insurance. Under Section 80D of the Income Tax Act, you can get multi-year health insurance policies and pay their premiums in one amount at the time of purchase. This premium amount can be claimed across different years.

Furthermore, tax deductions on multi-year health insurance premiums are ₹25,000 for people under the age of 60 and ₹50,000 for senior citizens (above age 60). It is much more similar to one-year health insurance policies.

For Example: To better understand, Mr. Mehta paid around ₹45,000 premium to buy a 3-year health insurance policy. So, under section 80D, he can claim a tax deduction of ₹15000 per financial year to cover the cost of the premium.

Critical Illness Coverage Under Section 80D

Any critical illness or medical emergency is unpredictable and causes a lot of expenses that cannot be easily afforded. Even if a person is diagnosed with dengue, a few days of hospitalization might be quite expensive. Now imagine if someone in your family has to undergo treatment for a serious illness such as a heart arrest, stroke, or cancer. The expense will reach the skies.

In such cases, it is important to have health insurance that can reduce your financial burden. Such critical illnesses tax deductions are covered under Income tax, section 80D for health insurance.

What are the Deducations Available Under Section 80DD?

Section 80DD of the Income Tax Act provides a deduction for individuals who incur expenses on medical treatment, care, and rehabilitation for a disabled person. Depending on the level of disability, one can claim a maximum deduction of ₹75,000 to ₹1,25,000.

Deduction Under Section 80DD: Treatment of a Dependent with Disability

A dependent who is a person with a disability can undergo several expenses related to medical care, checkups, rehabilitation and training. These costs can be claimed under the section 80DD of income tax. People who provide care and coverage for disabled dependents and require some financial support can claim tax deductions under this section. The dependent can be spouse, children, siblings or parents with a diasability.

The tax deduction under 80DD can be made based on the level of disability.

Level of Disability	Maximum Deduction under section 80DD
40% or above	₹75,000 or below
80% or above (Severe Disability)	₹1,25,000 or below

Note: The dependent person with a disability must include a disability certificate from the federal and state governments with their tax filings in order to be eligible for this deduction.

Deduction Under Section 80DDB: Treatment of Specified Illnesses

Some serious illnesses, such as Cancer, AIDS, neurological problems, chronic renal failure, etc., require significant treatment costs. Section 80DDB of Income Tax allows the taxpayer or their dependents to deduct the involved medical expenses in treating such serious illnesses. Medical costs incurred for treating you or a dependent person, such as your spouse, children, siblings or parents having serious illnesses, can be deducted.

The tax deduction under 80DDB is different for different age groups.

Eligible Person	Age of the person having a serious illness and undergoing treatment	Maximum deduction under Section 80DDB
For Self or Dependent (spouse, children, parents, siblings) & HUF (for any member)	Less than 60 years of age	₹40,000
	60 years or above	₹1,00,000
	80 years or above	₹1,00,000

Note: The taxpayer must provide legitimate documentation in order to claim the deduction under Income Tax Section 80DDB. Valid evidence under this section is a certificate or prescription provided by a designated medical professional holding a degree that is recognized by the Medical Council of India.

Benefits of Section 80D in Health Insurance

There are several benefits of having health insurance through section 80D, such as:

Tax Deduction: This provision helps people claim tax for themselves and their family member's health insurance premiums.
Preventive Health Check-up Coverage: You can also receive a deduction for the costs incurred in health checkups and diagnosis.
Extra Benefits for Parents: You are eligible to deduct additional benefits from your parents' health insurance premiums.
Pre-Existing Disease Coverage: You can also take advantage of deductions if you have pre-existing diseases and are paying a higher premium for them.
Coverage for Critical Illness: Most health insurance policies provide coverage for critical illnesses such as cancer, stroke, heart attack, and AIDS. You can also take advantage of deductions for these coverages.

Health Insurance Tax Benefit for Senior Citizens

Health insurance premiums for senior citizens are always on the higher side. Insurance companies may also be unwilling to provide a health cover tax benefit for those who are old or suffer from pre-existing ailments.

However, Budget 2018 provided some relief for senior citizens who have high medical expenses and are unable to buy health insurance due to pre-existing ailments or can't afford high premiums.

The Budget has amended Section 80D, which allows a maximum deduction of ₹50,000 for medical expenses incurred on senior citizens. This deduction can be claimed by the senior citizen himself/herself or by his/her children if the children are incurring medical expenses for their senior citizen parents.

For Example, Mr. Mehta has paid ₹53,000 for his senior citizen parent, who did not have a health insurance policy. He can claim a total deduction of ₹50,000 under the Section 80D.

Mode of Payment to Avail Deductions Under Section 80D

Do you know the mode of payment while paying your premium or expenses can decide your eligibility for claiming deduction from section 80D? Yes, there are certain modes of payment that are specified under section 80D that make you eligible for availing deduction. It includes:

Expenses	Mode of Payment
Health Insurance Premiums	All modes of payments, EXCEPT Cash
Preventive Health Check-ups	All modes of payments

How to Claim a Deduction Under Section 80D?

The process of claiming the section 80D deduction is quite easy. It just requires documentation for the mode of payment of insurance and health checkups. The claiming can be done in two ways:

By providing proof of payment for medical expenses and insurance premiums to your employer.
By directly claiming the deductions while filing your Income Tax Returns (ITR)

Follow the below steps in case you are filing your ITR:

Step 1: Visit Income Tax Portal
Step 2: Log in to your account or create a new one to file the ITR. Fill in your required details
Step 3: To claim the deductions on medical insurance premiums, visit the “Deductions” column on your ITR filing.
Step 4: Select the condition under which you are claiming a deduction for yourself, for your parents, spouse, children or siblings.
Step 5: Provide the supporting documents especially the receipts of premiums paid and expenses on preventive health checkups. Once the documents are verified, you will receive the tax deductions.

What Documents are Required to Claim the Deduction?

The documents required to claim the tax deduction under section 80D include:

The receipts of premiums paid for the health insurance show the family members' names, relationships and ages.
80D insurance certificate for a premium paid for a parent’s health policy.
Receipts or copies of the expenses incurred due to Preventive health checkups.

Some other documents essential in filing for an ITR include:

Aadhar Card
PAN Card
Form-16
Bank Statement

What are the Exclusions Under Section 80D?

The following are a few of the exclusions listed in section 80D of the Income Tax Act.

You cannot claim for a premium amount that is not paid during the fiscal year
If your employer covers you under a group health insurance, you cannot claim through 80D
Any amount given in support of grandparents, siblings, working children, or any other relations
If the premium amount paid for the health insurance is done with cash
You cannot claim for a higher amount than your particular age group's maximum limit

Things to Remember Before Availing Tax Deductions Under Section 80D

Thoroughly read your policy for any tax exemptions
To avail of deduction, the premium should be paid in any mode other than cash. However, the payment for Preventive Health check-ups can be made in cash.
The maximum deduction under section 80D can be Rs 1,00,000 if you buy health insurance for yourself or your parents and both you and your parents are senior citizens.
HUFs (Hindu Undivided Family) can also claim this deduction for the premium paid to ensure the health of any member of the HUF.
Benefits under Section 80D are available over and above the limit of ₹1.5 lakh under section 80C.
The amount available for senior citizens’ deductions can also be spent on medical expenses.
If the health insurance premium is paid in one go, it allows tax benefits for the number of years of insurance coverage.

Health insurance is a way to safeguard your pocket from medical expenses. Under Section 80D of the Income Tax Act, you can avail of tax benefits on the premiums paid towards your health insurance. This makes a health insurance policy a beneficial tax-planning tool, which is definitely a wise investment for your future.

Digit makes it to the headlines!

Tax-free pension plans to higher Section 80D limit: 7 key expectations of Insurance Sector from Budget 2023

01 Feb 2023
Financial Express

Budget 2023: Income tax sops for health, life insurance policyholders; GST cut, what insurance industry wants

19 Jan 2023
Anulekha Ray, ET

Super Investment For Tax Saving: Health Insurance And Its Benefits Beyond

10 Feb 2023
Vivek Chaturvedi

How to get tax benefits from your health insurance policy?

3 Jun 2020
Anshul

Double whammy! Tax exemption reversal makes life insurance cos run for cover

02 Feb 2023
Vidya Sreedhar

FAQs about Tax Benefits of Health Insurance

All

Can I Claim 80D for my Siblings?

No. You cannot claim deductions for your siblings or relatives under section 80D. It can only be claimed for dependent spouses, children, and parents.

For the Corporate Health Insurance Provided by my Company, the Premium is Paid by the Company and not Recovered From my Salary. Can I Claim the Said Premium as Deduction Under Section 80D?

Section 80D allows premium paid as deduction in computation of total income. In your case, since there is no deduction from your salary, the said premium cannot be said as to be paid by you. Thus, you will not be eligible for deduction under Section 80D while computing your tax liability.

The Premium on my Health Insurance Provided by my Employer is Recovered From my Salary and Shown in the Pay-Slip. Can I Claim the Said Premium as Deduction Under Section 80D?

Yes. Since the premium is recovered from your salary, it can be claimed under Section 80D.

What is the limit of 80D exemption?

You, your spouse, children, and parents below 60 years of age can claim a maximum limit of ₹25,000 annually. However, if your parents are senior citizens (above 60 years of age) have a maximum limit of ₹50,000 annually.

What are the 80D and 80DD limits?

The maximum limit for deduction under 80D is around ₹25,000 for individuals and families below 60 years of age and ₹50,000 for senior citizens. In contrast, the maximum limit for deduction under 80DD is around ₹75,000 for a person with 40% or more disability and ₹1,25,000 for a person with a severe disability.

Can I claim both 80C and 80D?

Yes, you can claim both 80C and 80D. In section 80C, you can claim a maximum amount of ₹1,50,000 yearly for different types of investments and under section 80D, you can claim a maximum amount of ₹25,000 for yourself as well as ₹50,000 for senior citizens.

Can I show medical expenditure under 80D?

Yes, you can show medical expenditures under 80D. This section provides the deduction for medical expenditure only for senior citizens (above 60 years of age). Medical expenditures are not covered for individuals below 60.

Is there a deadline for paying the health insurance premium to claim the deduction?

Yes, there is a deadline for paying the health insurance premium to claim the deductions. To claim a deduction on health insurance, you must pay your premium on time before the deadline. Usually, to qualify for a deduction, the premium payment must be made during the financial year in which you are filing the income tax return.

Can I claim a deduction if I pay the premium in installments?

Yes, you can claim a deduction if you pay the premium of your health insurance in installments. You can file this claim under section 80D of Income tax for premiums you have paid for yourself, spouse, children and parents.

What documents do I need to claim the deduction under Section 80D?

To claim the deduction under section 80D, you will need the following documents:

The receipts of premiums paid for the health insurance show the family member's names, relationships, and ages.
80D insurance certificate for a premium paid for a parent’s health policy.
Receipts or copies of the expenses incurred due to Preventive health checkups.
Other documents, such as Aadhar card, PAN card, bank statements, etc. are compulsory.

What if I lose my premium payment receipts?

If you lose your premium payment receipts, claiming 80D will become challenging but not impossible. However, if you have lost the premium payment receipts, you can still claim the deduction by showing a bank statement or credit card statement.

Can I claim a tax benefit for additional riders to my health insurance plan?

Yes, you can claim a tax benefit for additional riders on your health insurance plan. These additional riders can be critical illness, personal accident cover, etc. As the premium paid for such additional riders is directly related to health coverage, you can claim a tax benefit from them. However, not all riders qualify for the tax benefit. Always ask your insurer about the additional rider tax redemption.

Can I claim a deduction for ayurveda, yoga & naturopathy, unani, siddha, and homeopathy (AYUSH) treatment expenses under Section 80D?

Yes, you can claim a tax deduction on AYUSH treatment expenses under section 80D. You just need to ensure that the AYUSH treatment is covered under your health insurance policy.

Is there a limit to the number of health insurance policies I can claim deductions for?

No, there is no limit on the number of health insurance policies you can claim deductions for. However, according to section 80D of income tax, the maximum amount you can claim remains at ₹25,000 for you and your family under 60 years of age and ₹50,000 for senior citizen parents.

Can I claim a deduction for health insurance premiums paid for my in-laws?

No, you cannot claim a deduction on the premiums paid for your in-laws. Section 80D doesn't have a provision for a tax deduction on premiums paid for your in-laws. You can only claim the deduction for yourself, your spouse, children and parents under 80D.

What happens if the total health insurance premium is less than the maximum deduction limit under section 80D?

If your health insurance premium is less than the maximum limit under 80D, you can only claim a deduction for the actual amount. For example, if your age is below 60 and you have health insurance for which you pay a premium of ₹18,000 annually, whereas the maximum limit under 80D is 25,000, you can only claim for ₹18,000.

I pay a higher premium because I smoke. Can I still claim the full deduction?

Yes, you can claim a full deduction even if you smoke. Section 80D allows you to claim a deduction for the higher premiums you pay for smoking. However, the premium paid must be under the maximum limit according to your age.

What if I forget to claim the deduction for health insurance in my tax return?

If you forget to claim health insurance in your tax return for a specific year, you can file a revised income tax return before the end of the assessment year. The assessment year lies just after the final year.

Can I claim medical expenses incurred for senior citizen parents (by their children) as a deduction?

Yes, as a child, you can claim a deduction on the medical expenses incurred by senior citizen parents. However, the amount must not exceed the limit of ₹50,000 for senior citizens.

Can I make an 80D claim for parents without receipts or bills?

No, you cannot claim for parents without a receipt or bill. Having a proper medical receipt, bill, or bank statement for any medical treatment of your parents can help you easily get the 80D claim.

Can HUFs get tax exemptions under Section 80D?

Yes, HUFs can get tax exemptions under section 80D. Under this section, a Hindu Undivided Family (HUF) can get a tax exemption of about ₹25,000 in a year.

Can I claim tax exemptions on my health insurance premiums if I have paid in cash?

No, you cannot claim tax exemptions on your health insurance premiums if you have paid in cash. According to 80D, only the premiums paid in an online mode of payment (credit, debit, UPI, etc.) are considered for tax exemptions.

Can I get a tax exemption for my group health insurance policy?

Yes, you can get a tax exemption for your group health insurance policy under certain conditions. You can only claim a tax exemption if you pay the premium by yourself. However, if the premium is paid by your employer, you cannot claim a tax deduction for it.

If I have received medical treatment outside India, can I avail tax exemptions for my overseas health insurance under section 80D?

Yes, you can avail a tax exemption for your health insurance under section 80D if you have received medical treatment outside India. This is only possible either when you have opted for a Worldwide Treatment Policy in India or your overseas health insurance company is registered with the Insurance Regulatory and Development Authority of India (IRDAI).

If my children aren’t dependent on me, can I claim tax exemptions for their health insurance premiums under section 80D?

No, you cannot claim a tax exemption for health insurance if your children are not dependent on you. You can only claim deductions on insurance premiums under 80D for yourself, your wife, dependent children, and your parents.

If my parents are not dependent on me, can I claim tax exemptions for their health insurance premiums?

Yes, you can claim tax exemptions for your parent’s health even if they are not dependent on you. This is only possible when the premiums for health insurance are paid by you for your parents.

Can I avail of tax benefits for more than one health insurance policy?

Yes, you can claim tax benefits for more than one health insurance policy. However, the maximum amount you can claim remains ₹25,000 for you and your family below 60 years of age and ₹50,000 for senior citizen parents.

If my father and I have paid his health insurance premium together, can we both avail of tax exemptions?

Yes, you and your father can both claim a tax deduction if you have paid the premium for your father's health insurance. However, you can only claim the amount you have contributed in the premiums.

What medical expenses are covered under section 80D?

Certain medical expenses are covered under section 80D, such as medical expenses for hospitalization, day-care treatment, medicines, consultation, etc. However, you cannot directly claim the medical expenses under 80D. You have to buy health insurance which covers all these medical expenses.

How much monthly medical bills can be claimed under 80D?

You can claim any amount for the premium you pay for health insurance under 80D if the bill is within the maximum yearly limit. Monthly bills are not directly claimable. You can claim a maximum of ₹25,000 for you and your family (under 60 years of age) and ₹50,000 for senior citizens, as well as ₹5,000 for preventive health check-ups.

Get 10+ Exclusive Features only on Digit App

Install

Get 10+ Exclusive Features only on Digit App

Latest News

Currently there are no news to show.

Renew & Download Policy Document, Check Challan, Credit Score, PUC & more

43K+ Reviews

4.7

Rated App

43K+ Reviews

7K+ Reviews

4.4

Rated App

7K+ Reviews

Download the App

CIN: U66010PN2016PLC167410, IRDAI Reg. No. 158.

Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka | Trade logo of Go Digit General Insurance Ltd. displayed above belongs to Go Digit lnfoworks Services Private Limited and is provided and used by Go Digit General Insurance Ltd. under license.

Health Insurance Tax Benefit

Health Insurance Tax Benefits Under Section 80D of Income Tax FY 2024-25

Table of Contents

What is Section 80D of the Income Tax Act?

Who is Eligible for Tax Deduction Under Section 80D?

What Deductions are Allowed Under Section 80D?

Tax Deduction on Health Insurance Premium Paid for Parents Under Section 80D

Preventive Health Check-ups under Section 80D

Can Medical Expenses Be Claimed Under Section 80D?

Difference Between Section 80D and Section 80C

How Much Tax Benefit Can You Get on Health Insurance?

Tax Benefits of Health Insurance

Multi-year Health Insurance Premium Deductions Under Section 80D

Critical Illness Coverage Under Section 80D

What are the Deducations Available Under Section 80DD?

Deduction Under Section 80DD: Treatment of a Dependent with Disability

Deduction Under Section 80DDB: Treatment of Specified Illnesses

Benefits of Section 80D in Health Insurance

Health Insurance Tax Benefit for Senior Citizens

Mode of Payment to Avail Deductions Under Section 80D

How to Claim a Deduction Under Section 80D?

What Documents are Required to Claim the Deduction?

What are the Exclusions Under Section 80D?

Things to Remember Before Availing Tax Deductions Under Section 80D

Digit makes it to the headlines!

FAQs about Tax Benefits of Health Insurance

Can I Claim 80D for my Siblings?

For the Corporate Health Insurance Provided by my Company, the Premium is Paid by the Company and not Recovered From my Salary. Can I Claim the Said Premium as Deduction Under Section 80D?

The Premium on my Health Insurance Provided by my Employer is Recovered From my Salary and Shown in the Pay-Slip. Can I Claim the Said Premium as Deduction Under Section 80D?

What is the limit of 80D exemption?

What are the 80D and 80DD limits?

Can I claim both 80C and 80D?

Can I show medical expenditure under 80D?

Is there a deadline for paying the health insurance premium to claim the deduction?

Can I claim a deduction if I pay the premium in installments?

What documents do I need to claim the deduction under Section 80D?

What if I lose my premium payment receipts?

Can I claim a tax benefit for additional riders to my health insurance plan?

Can I claim a deduction for ayurveda, yoga & naturopathy, unani, siddha, and homeopathy (AYUSH) treatment expenses under Section 80D?

Is there a limit to the number of health insurance policies I can claim deductions for?

Can I claim a deduction for health insurance premiums paid for my in-laws?

What happens if the total health insurance premium is less than the maximum deduction limit under section 80D?

I pay a higher premium because I smoke. Can I still claim the full deduction?

What if I forget to claim the deduction for health insurance in my tax return?

Can I claim medical expenses incurred for senior citizen parents (by their children) as a deduction?

Can I make an 80D claim for parents without receipts or bills?

Can HUFs get tax exemptions under Section 80D?

Can I claim tax exemptions on my health insurance premiums if I have paid in cash?

Can I get a tax exemption for my group health insurance policy?

If I have received medical treatment outside India, can I avail tax exemptions for my overseas health insurance under section 80D?

If my children aren’t dependent on me, can I claim tax exemptions for their health insurance premiums under section 80D?

If my parents are not dependent on me, can I claim tax exemptions for their health insurance premiums?

Can I avail of tax benefits for more than one health insurance policy?

If my father and I have paid his health insurance premium together, can we both avail of tax exemptions?

What medical expenses are covered under section 80D?

How much monthly medical bills can be claimed under 80D?

Latest News