With medical inflation racing ahead of incomes and tax relief, India’s middle class is slipping into underinsurance. Budget ...
Want your health cover to pay twice, once at the hospital and again at tax time? Section 80D of the Income Tax Act helps turn ...
As Budget expectations build, taxpayers and experts are looking for calibrated tax tweaks rather than sweeping reforms to ...
Taxpayers and experts are hoping for a ₹1 lakh standard deduction, rationalised tax slabs, inclusion of Section 80D under the ...
Deductions under the old tax regime such as Section 80C, 80D and home loan interest benefits have remained unchanged for nearly a decade, despite rising inflation, healthcare costs and housing prices.
Section 80D lets you claim deductions on health insurance premiums paid for yourself, your family, and even your parents. Depending on the age of the insured, you can claim up to ₹25,000 or ₹50,000, ...
In India, health insurance isn’t just a safety net for medical emergencies—it’s a smart way to save on taxes. One of the most beneficial provisions in the Income Tax Act is Section 80D, which allows ...
The note highlights gaps in existing tax provisions affecting families, seniors, and small investors. It suggests targeted reforms to make tax outcomes more balanced and ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The Central Government of India ...
Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any ...
Budget 2026 is urged to boost health insurance tax deduction limits. Experts advocate for extending these benefits to the new tax regime. This move aims to ease financial burdens from rising medical ...
Having a health insurance policy provides a safety net for you and your family members. In addition to providing financial security, a health insurance policy can also help you save on taxes. To ...