News From Press After Covid, Budget 2022 must hike tax exemption limit for health insurance under Section 80D

After Covid, Budget 2022 must hike tax exemption limit for health insurance under Section 80D

Source: ET Jan 15, 2022

Section 80D of the Income-tax Act, 1961 provides income tax exemption for health insurance premium and select health expenses. Health insurance premium can be claimed tax exempt up to Rs 25,000 for persons under 60 and up to Rs 50,000 for those aged above that.

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1 Comment

Ashish vaidya · 2 years ago `

Gst needs to be reduced in health insurance policies, i believe its a need of the hour, 18%gst is a huge one. Its needed to b 5% or less.

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