Health insurance premium paid for yourself, your wife and dependent children qualifies for tax deduction of up to Rs 25,000 under section 80D of the Income Tax Act
My son is earning a monthly income ₹11,000. I pay for his health insurance. Can I claim tax deduction on the premium?
- Vinay Oza
Children above 18 years, if employed, cannot be covered under the Section 80D for tax deductions.
Health insurance premium paid for yourself, your wife and dependent children qualifies for tax deduction of up to ₹25,000 under section 80D of the Income Tax Act.
This article was originally published on April 28, 2016.
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