Under Section 80D of the Income Tax Act, only the proposer of a health insurance policy can claim the tax deduction. This means that if a husband pays the premium for a policy covering himself, his wife, and children, he cannot claim the rebate if he is not the policy proposer. The policyholder is the only one eligible for the deduction.
06 August 2024
Can wife rebate on health insurance policy for self,wife and children under section 80 if the premium paid by husband d.p.kapoor 9810600330