Health Check Up Tax Deduction

Many of us know that health insurance premium can be claimed for tax deduction under sec 80d.

Health check up tax deduction. How to claim tax benefit for preventive health check up there are different ways in which a tax deduction can be taken for the premium that is paid for the purpose of health insurance under. As you know section 80d of the income tax act gives the tax deduction benefit on health insurance premium. You can claim expenses incurred on health check up for yourself your family and your parents.

Tax deduction on preventive health check ups. The deduction of amount spent on preventive health checkup cannot exceed inr 5 000 individually i e. 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.

Most of the prominent hospitals offer packages for preventive health check up. This section also makes provision for the tax deduction on preventive health check up expenses. 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.

Earlier only the health insurance premium was allowed for deduction under sec 80d. 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. The tax deduction rule of preventive health check up.

Health check ups if the individual makes a payment of rs 20 000 as premium for mediclaim and then goes through a health check up that costs rs 5 000 then the total amount of rs 25 000 can be availed under 80d. The premiums for health insurance schemes offered by the life insurance organisations also qualify for tax advantage under the income tax laws. To say inr 5 000 for individual spouse dependent children and separate limit of inr 5 000 for parents.

Limit for tax deduction on preventive health check up is within the overall ceiling of rs 25 000 30 000 as the case may be. But the majority of us don t know that preventive health check up cost can also be claimed under the same sec 80d. 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.