Preventive Health Check Up Under Section 80d

Section 80d also allows deduction for preventive health check up for maximum rs 5 000.

Preventive health check up under section 80d. According to finance bill 2012 the amendment to section 80d include any payment made by an individual on account of preventive health check up of self spouse dependent children or dependent parents is eligible for max deduction of rs 5000. Section 80d of the income tax act 1961 gives you the tax benefit on the premium paid for medical insurance policies. Many of us know that health insurance premium can be claimed for tax deduction under sec 80d.

You can avail rs. It is further amended that for the purpose of the deduction under section 80d payment can be made. These policies can be taken for yourself or your family or parents.

Under the section 80d any payments made towards preventive health checkups of self spouse dependent children and parents entitles the taxpayer to claim a benefit of 5k. Earlier only the health insurance premium was allowed for deduction under sec 80d. The correct definition of preventive health check up is health check up not to cure or diagnose any disease.

Not just this the section also has a provision for allowing you the benefit of expenses made for preventive health check up amounting upto rs 5000 in a financial year. The amount of rs 5 000 comes under the overall deduction available to individual as per section 80d as per the table above. However benefits for deduction on the expenses of preventive health check up was introduced from 1st april 2013.

But the majority of us don t know that preventive health check up cost can also be claimed under the same sec 80d. Under section 80d tax payers can avail tax exemptions for health insurance premiums of self family and parents and for expenses incurred in preventive health check ups. On the other hand section 80c of the income tax act includes many different types of tax saving investments and expenses.

5 000 for the cost incurred for preventive health check ups for self spouse children or parents. Tax deductions allowed for preventive health check up a medical insurance policy allows you to avail tax deduction under section 80d of income tax act for any expenses incurred for preventive health check ups. The preventive health checkup means any diagnostic tests conducted and this payment can also made in cash.