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Is there a tax deduction on the premium paid?

Premiums paid up to Rs. 15,000 per annum under the health insurance plan for self, spouse, two dependent children and dependent parents are exempt from tax under section 80 D of the Income Tax Act.

05 Dec 2008

Premiums paid up to Rs. 15,000 per annum under the health insurance plan for self, spouse, two dependent children and dependent parents are exempt from tax under section 80 D of the Income Tax Act.