Health is Wealth: Last-Minute Tax Benefits on Medical Expenses

Utilise Section 80D for tax benefits on medical insurance premiums covering yourself, spouse, children, and parents

A maximum deduction of Rs.25,000 for non-senior citizens or Rs.50,000 for senior citizen parents can be claimed under Section 80D

Claim deductions under Section 80DD for medical treatment, rehabilitation, and insurance premiums for dependents with disabilities

A maximum deduction of Rs.75,000 or Rs.1,25,000 for severe disabilities can be claimed under Section 80DD

Benefit from deductions under Section 80DDB for treatment expenses on specified diseases, with a maximum deduction of Rs.40,000 or Rs.1,00,000 for senior citizens

Ensure tax benefits and financial security by investing in a comprehensive health insurance plan for your family under Section 80D

Save on taxes by not overlooking preventive health check-ups and including the expenses in your deductions

Keep bills, receipts, and insurance premium payment records to streamline the tax filing process and claim the maximum deductions available