Section 80D
Definition
Deduction for health insurance premiums paid for self, spouse, children, and parents. Available only under the Old Tax Regime.
In Context
Deduction up to ₹25,000 for self/spouse/children; additional ₹25,000 for parents (₹50,000 each if senior citizens aged 60+). Only for health insurance premiums — NOT for professional indemnity or other insurance.
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