Section 80d Health Check Up

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.
Section 80d health check up. These policies can be taken for yourself or your family or parents. A further deduction of inr 15 000 is provided if the expenditure is incurred on behalf of the parents. To ensure the wellbeing of a taxpayer and motivate people to live a healthy life income tax act of india keeps revising the norms after a certain period of time.
Huf a huf can claim a deduction under section 80d for a mediclaim taken for any of the members of the huf. Section 80d also allows deduction for preventive health check up for maximum rs 5 000. On the other hand section 80c of the income tax act includes many different types of tax saving investments and expenses.
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. Section 80d of the income tax act 1961 gives you the tax benefit on the premium paid for medical insurance policies. Section 80d of income tax act allows you to avail tax deductions based on the premiums paid for medical insurance or health check ups for your family including your spouse children and dependent parents.
The preventive health checkup means any diagnostic tests conducted and this payment can also made in cash. 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. This deduction will be rs 25 000 if the member insured is less than 60 years and will be rs 30 000 increased to rs 50 000 in budget 2018 if the insured is 60 years of age or more.