How much Super Top-Up Health Insurance Premium qualifies for tax benefits?
Under section 80D of the Income Tax Act, you can avail tax benefits upto ₹1,00,000 on premium paid for Super Top-Up Health Insurance.
| Self and family below 60 Years | Self and Family below 60 Years & Parents Below 60 Years | Self and Family above 60 Years | Self and Family below 60 Years & Parents Above 60 Years | Self and Family above 60 Years & Parents Above 60 Years | |
|---|---|---|---|---|---|
| Deduction for Self, Family, Children | ₹ 25,000 | ₹ 25,000 | ₹ 50,000 | ₹ 25,000 | ₹ 50,000 |
| Deduction for parents | ₹ 0 | ₹ 25,000 | ₹ 0 | ₹ 50,000 | ₹ 50,000 |
| Maximum deduction | ₹ 25,000 | ₹ 50,000 | ₹ 50,000 | ₹ 75,000 | ₹ 1,00,000 |
Here is a closer look at how you can claim tax deductions:
Please note that the above-mentioned benefits are as per the current tax laws prevailing in thecountry. Your tax benefits may change subject to tax laws. It is advisable to reconfirm the same with your tax consultant. This is independent of your health insurance premium value.
