health ins paid in cash above 10 k we can claim under 80d
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Quick Summary
You cannot claim a deduction under Section 80D of the Income Tax Act if you have paid your health insurance premium in cash, especially for amounts exceeding £10,000. This rule applies regardless of the payment amount. It's essential to use digital payment methods like cheques, bank transfers, or online payments to be eligible for tax benefits on your health insurance premiums.