If you've paid your health insurance premiums for multiple years in advance, you can claim the deduction under Section 80D proportionately each year. This means you don't have to claim the entire deduction in the year of payment, but can spread it across the relevant assessment years. This is particularly useful if your annual premium falls within the eligible deduction limits.
17 July 2023
Sir, I had paid three years premium online for my health insurance last year itself to avail discount. However I claimed deduction for only one year premium charge last year u/s80D. Can I claim 2nd year premium deduction u/s 80D in current year & for third year next year?The yearly premium claimed is less than 25K. Thanks & Regards Ashok