A medical insurance policy allows you to avail tax deduction under Section 80D of Income Tax Act for any expenses incurred for preventive health check-ups. You can avail Rs. 5,000 for the cost incurred for preventive health check-ups for self, spouse, children or parents.
The Income Tax Act does not define medical expenditure. ... Remember medical expenditure on certain specified illnesses are also covered under Section 80DDB. "If you have exhausted the limit under this section, you can claim deduction for the medical expenses under section 80D, provided you satisfy other conditions.
Your are not logged in . Please login to post replies
Click here to Login / Register
Krea University
Chennai
CA
View Details
Arpan Bohra & Co
Hyderabad
CA Inter
View Details
N N V Satish & Co.,
Hyderabad
CA Inter
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
CCI
Pro
India's largest network for
finance professionals