Section 80GG For individuals who haven’t yet purchased a house and incur substantial expenses on rent,…
Tag: Section 80D
Can I claim tax benefit on medical costs?
I am a 55-year-old man, with a group health insurance policy from my employer that covers…
Income tax planning trends for this year and outlook for 2024
Budget 2023 showcased a continuation of poverty alleviation initiatives, agricultural enhancements, and railway modernisation efforts. However,…
Can only proposer get IT benefit on mediclaim policy?
My daughter took a mediclaim policy for me and my wife around 14 years back, and…
What do the income tax rules say on the premium paid for the life insurance policy of the spouse?
My wife and I have life insurance policies 25 lakh each. My wife has no income.…
How to get maximum tax benefit in FY 22-23 by investing in insurance: Tips
Image Source: Unsplash The payment of premium for life insurance plans provides a policyholder with life…
How to get tax exemption on Mediclaim policy?
I am a 70 year old retired government employee while my wife is over 65 years…
Income Tax Deduction under Section 80D for Senior Citizens – Explained
I am a senior citizen covered under health insurance of parents carried by my daughter. I…