Health Savings Account (HSA Equivalent in India)
Definition
Health insurance premiums and specified medical expenses are deductible under Section 80D in India (unlike the US HSA structure).
In Context
Self, spouse, children covered up to ₹25K; parents covered up to ₹25K additional (₹50K each if senior citizens). Preventive health check-ups up to ₹5K included within the overall limit.
Related Terms
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