Who is eligible for deduction under Section 80D? The best part is that it is over and above the deductions claimed under Section 80C. This deduction is also available for top-up health plans and critical illness plans. What is Section 80D?Įvery individual or HUF can claim a deduction from their total income for medical insurance premiums paid in any given year under Section 80D. To encourage people to purchase health insurance policies, the government introduced tax benefits under Section 80D. In India, most people don't have health insurance and rely on their own savings or borrowing money when they have medical emergencies. Health insurances are one of the best ways to overcome such financial crises. Unforeseen medical emergencies can arise suddenly, and the expenses may drain you financially. Health insurance provides coverage for unforeseen medical costs and hospital bills when you most require it. Benefits of invoicing software for small businesses.
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