Section 80 D of Income Tax Act, 1961 deals with tax deductions on medical insurance premiums paid for medical insurance taken for self, spouse, dependent children or parents. An individual can claim a deduction of up to Rs 25,000 for the insurance of self, spouse, and dependent children. An additional/separate deduction for parents’ insurance is available to the extent of Rs 25,000 if they are less than 60 years of age, or Rs 50,000 if your parents are aged above 60. Section 80D includes a deduction of Rs 5,000 for any payments made towards preventive health check-ups . This deduction will be within the overall limit of Rs 25,000/Rs 50,000, as the case may be.
When was the Employees' Provident Funds and Miscellaneous Provisions Act enacted?
Which bank has entered into a partnership with Aditya Birla Sun Life Insurance to provide insurance solutions to its customers?
India's first underwater metro expected to be ready by ______?
The capital of Rajasthan is?
According to the National Policy on Biofuels, the Government envisaged an indicative target of 20% ethanol blending in petrol by year_______?
Consider the following statements:
I. Iran and Belarus are likely to be the two newest additions to the Shanghai Cooperation Organisation (SCO)
What led to the permanent closure of the Afghanistan Embassy in Delhi, effective from November 23?
Why did Kenya cancel infrastructure and energy deals with the Adani Group?
Which bank launched a feature-rich Savings Bank product for women called Mahila Mitra Plus which provides a curated set of features, designed to make f...
What is the theme for World Ozone Day in the year 2023?