Tax-saving tip: Section 80D of the Income Tax Act offers deductions for medical insurance premiums, contributions to health schemes, and more. But remember, only payments made through digital modes or cheques are eligible for these benefits! 🏥💡 For additional information, reach out to us at sales@indiafilings.com or visit indiafilings.com #TaxPlanning #Section80D #IncomeTax #FinancialEducation #TaxSavings #MedicalExpenses #HealthInsurance #SmartFinance #TaxTips #DigitalPayments | IndiaFilings.
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Most Important Tax Deductions for Salaried Person 🤯 🔵 Section 80C: Investments in Provident Funds such as EPF, PPF, etc., payments made towards life insurance premiums, Equity Linked Saving Schemes, payments made towards the principal sum of a home loan, SSY, NSC, SCSS, etc. 🔵 Section 80D: This is the deduction for Mediclaim or Medical Insurance. The limit for Section 80D is as follows: - If taken for Self and Family = Rs. 25,000 ; And - If taken for Parents also = Rs. 25,000 Therefore, total
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