Income tax returns (ITR) filing: What is Section 80D and how it impacts your outgo? Anil Singhvi Explains
The Market Guru said that there is always some apprehension in most people about falling sick or having a medical emergency? Lots of money will be required. However, there is one area where people can save some money - this is under Section 80D of the Income Tax Act. You have to by a health insurance policy
As per this section, premium that you pay for buying a health plan up to Rs 25,000 is exempted as income tax under Section 80D, Singhvi said. It could be your mediclaim, or your spouse's