Under Section 80D | Save INCOME TAX On HEALTH INSURANCE and MEDICAL EXPENDITURE

Namaskar Dosto, Aaj ke is video me hum log Section 80D of Income Tax Act, 1961 ke andar ke kaise Income Tax save karna hai, aur kitana tax save kiya jaa sakta hai ko jaanenge.
Umeed karta hun aap log ko video pasand aayega.
Video ko Like, Share & Channel ko Subscribe karana na bhule.

Find Us Here Also; Share! Support! Subscribe!
YouTube:
https://goo.gl/uH4dMK
Facebook Page:
http://Facebook.com/TaxationGurujiCha...
Google+:
http://plus.google.com/+TaxationGuruji
Twitter:
http://Twitter.com/TaxationGuruji
Instagram:
http://Instagram.com/TaxationGuruji
DailyMotion:
http://DailyMotion.com/TaxationGuruji
Tumblr:
http://TaxationGuruji.Tumblr.com
Vimeo:
http://Vimeo.com/TaxationGuruji
Pinterest:
http://Pinterest.com/TaxationGuruji
LinkedIn:
http://LinkedIn.com/in/TaxationGuruji
FaceBook:
http://FaceBook.com/TaxationGuruji
TaxationGuruji:
http://TaxationGuruji.com
TaxationGuruji:
http://TaxationGuruji.in

Summary Of Section 80D Income Tax Act For A.Y. 2017-2018:
Amount paid (in any mode other than cash) by an individual or HUF to GIC or other insurer to effect or keep in force an insurance on the health of specified person. An individual can also make payment to the Central Government health scheme and/or on account of preventive health check-up (subject to limit) Individual/HUF
~specified person means:
~In case of Individual - self, spouse, dependent children or parents
~In case of HUF - Any member thereof
~Deduction for preventive health check-up shall not exceed in aggregate Rs. 5,000.
~Payment on account of preventive health check-up may be made in cash.

Section 80D is amended by the Finance Act, 2015. From assessment year 2016-17 onwards the deduction under Section 80D will be available as per the limit specified below:
Individual:
~For self, spouse and dependent children : Rs. 25,000 (Rs. 30,000 if person insured is a senior citizen* or very senior citizen**);
~For parents of the assessee : (Additional) Rs. 25,000 (Rs. 30,000 if person insured is a senior citizen or very senior citizen)
~Medical expenditure if no amount is paid in respect of health insurance-Rs.30,000 (only in case of very senior citizen)
~Aggregate amount of deduction cannot exceed Rs.60,000 in any case

HUF:
~Premium up to Rs. 25,000 (Rs. 30,000 if member insured is a senior citizen or very senior citizen) paid to insure any member of the family.
~Medical expenditure if no amount is paid in respect of health insurance-Rs.30,000 (only in case of very senior citizen)
~Aggregate amount of deduction cannot exceed Rs.30,000 in any case.

*‘Senior citizen’ means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year.
**‘Very senior citizen’ means an individual resident in India who is of the age of eighty years or more at any time during the relevant previous year.

Thanks For Watching "Taxation Guruji Youtube Channel".
Jai Hind! Vande Maataram!

Comments