Business Standard

How health check-up, insurance premium can help you in saving tax

Preventive check-up is one available to save tax based on medical-related issues

tax, tax savings, capital gains tax
Premium

Bindisha Sarang Mumbai
The tax-filing season has arrived. While most taxpayers are aware of the deduction available under Section 80C, several other provisions of the Income-Tax (I-T) Act also let you save tax if you have spent on medical issues.

Section 80D

This section allows you to get a tax deduction on the money spent on paying health insurance premiums. This deduction can also be claimed for money spent on preventive health check-ups and contributions to the central government health scheme.

“Individuals can avail of Section 80D benefit for themselves and their family (consisting of spouse and dependent children). In the case of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 17 2023 | 8:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com