Section 80D Tax Saving Calculator

Section 80D of the Income Tax Act allows you to save tax by claiming deductions on health insurance premiums paid. This is one of the most powerful tax-saving tools because it not only secures your family's health but also significantly reduces your tax liability.

Section 80D Limits at a Glance

Important Rules for Section 80D

• No Cash Payments for Premiums: The health insurance premium must be paid by any mode other than cash (e.g., Net banking, UPI, Credit Card, Cheque).
• Preventive Health Checkups: You can claim up to ₹5,000 for preventive health checkups. This amount can be paid in cash. However, this ₹5,000 is included within your overall ₹25,000 or ₹50,000 limit; it is not an additional deduction above the limit.
• Medical Expenditure for Senior Citizens: If your senior citizen parents (or you/your spouse, if senior citizens) do not have a health insurance policy, you can claim the actual medical expenses incurred up to ₹50,000 within the 80D limit.
• Dependents Only: You cannot claim this deduction for your parents-in-law. Also, working, financially independent children are not covered under your "family" definition for this tax deduction.