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C deduction in respect of payment towards preventive health check up.
Health check up deduction in income tax. 5 000 for the cost incurred for preventive health check ups for self spouse children or parents. However the said deduction of 5 000 is within the overall limit of 25 000 or 50 000 specified in a and b above. Section 80d of income tax act 1961 provides for deduction in respect of payment made for the health insurance premium and preventive health check ups.
12 500 whichever is less. As you know section 80d of the income tax act gives the tax deduction benefit on health insurance premium. The tax deduction rule of preventive health check up.
Payment on account of preventive health check up may be made in cash. 5 000 for yourself your family and parents even cash payment for this expenditure is eligible for 80d deduction. Under the existing provisions contained in section 80d of the income tax act a deduction is allowed in respect of premium paid towards a health insurance policy for insurance of self spouse and dependent children or any contribution made to the central government health scheme up to a maximum of rs 15 000 in aggregate.
This deduction is allowed only to individual or hindu undivided family huf taxpayers for the payment of health insurance premium and preventive health check ups of their family. Section 80d provides that deduction to the extent of 5 000 shall be allowed in respect payment made on account of preventive health check up of self spouse dependant children or parents made during the previous year. Tax deductions allowed for preventive health check up 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.
Deduction to the extent of rs 5000 shall be allowed in respect payment made on account of preventive health check up of self spouse dependent children or parents made during the previous year. To say inr 5 000 for individual spouse dependent children and separate limit of inr 5 000 for parents. Total income does not exceed rs.
Deduction for preventive health check up shall not exceed in aggregate rs. This deduction is allowable from gross total income and in addition to the deduction available under section 80c of income tax act. Preventive health check up expenditure it is like a regular health check up conducted once or twice every year by your physician or general practitioner.
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