Is their any tax benefit from insurance?
Are you skeptical of whether it is really worth your investment.
But there may be some facts which you don’t know of. Read on to know about all the benefits of having a Health Insurance:
Tax Benefit:-
Personal health insurance policy will also entitle you to a tax benefit available under Section 80D of The Income Tax Act, 1961. You can avail an annual deduction of Rs. 15,000 from taxable income for premium payment of health insurance policy. For senior citizens, this deduction is Rs. 20,000.
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Is their any tax benefit from insurance?
Tags: annual deduction, benefits of health insurance plan, Section 80D, Tax benefit
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