Question

Under which section of the Income Tax Act can an individual claim a deduction for the payment of health insurance premiums?

Q: Answer-Under which section of the Income Tax Act can an individual claim a deduction for the payment of hea...

Section 80D offers tax deductions on health insurance premiums of up to a maximum limit of 25,000 in a financial year. You can claim deductions for a policy bought for yourself, your spouse and your dependent children.

A Section 80C

B Section 80CCD

C Section 80D

D Section 80DD

E None of these

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Under which section of the Income Tax Act can an individual claim a deduction for the payment of health insurance premiums?

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