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Health insurance under income tax saving

ITR 132 views 1 replies

Health insurance under income tax saving

 

A= Husband

B= Wife

C&D = Two Childs

B,C,D are dependent upon A.

A FILES INCOME TAX RETURN EVERY YEAR

(A = Husband ) PERSON BUY HEALTH INSURANCE POLICY FOR  A,B,C,D separately. 

 

Q1.How much premium amount he saved for tax purpose under which section?

Q2. CAN A= Husband shows premiums of( B,C and D and self premium) in his file return for saving the income tax?

Health insurance under income tax saving

 

A= Husband

B= Wife

C&D = Two Childs

B,C,D are dependent upon A.

A FILES INCOME TAX RETURN EVERY YEAR

(A = Husband ) PERSON BUY HEALTH INSURANCE POLICY FOR  A,B,C,D.

 

Q1.How much premium amount he saved for tax purpose under which section?

Q2. CAN A= Husband shows premium of( B,C and D and self premium) in his file return for saving the income tax?

Replies (1)
If both A and B are senior citizens then maximum deduction amount is Rs 60000 else Rs 50000 u/s 80D


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