Health Check Up Under 80d
Section 80d income tax deduction for medical insurance expenditure preventive health check up.
Health check up under 80d. However the said deduction of 5 000 is within the overall limit of 25 000 or 50 000 specified in a and b above. 5 000 for the cost incurred for preventive health check ups for self spouse children or parents. It may be noted that the above maximum amount of deduction includes the amount paid on account of preventive health check up of up to rs 5 000 also.
Preventive health check was introd. Preventive health check up expenses can be paid in cash. A maximum amount of up to rs 25 000 is eligible as a deduction under section 80d for payment of health insurance premium of any member of the huf.
The preventive health checkup means any diagnostic tests conducted and this payment can also made in cash. 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. Premium payments should be made by any mode other than cash.
Section 80 d deduction in itr very less people know about preventive health check up under section 80d of income tax act. 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. Limit amount who can claim tax benefit example for calculation of deduction u s 80d for fy 2020 21 ay 2021 22 2019 20 ay 2020 21.
You can avail rs. Deduction in case of huf taxpayer. Deduction under section 80d is allowable only if the payment towards the health insurance contracts has been made to a scheme as specified by the central government approved by the irda.