Tax benefit for health insurance


#1

How much is tax benefit for health insurance in 2019? Was it changed in budget 2019?


#2

Hi,

As per deductions under Section 80D for the financial year 2018-19 and assessment year 2019-2020, you can claim deduction up to Rs. 25,000 on health insurance premium payments that you pay for yourself, your spouse and children. Senior citizens can claim deduction up to Rs. 30,000. If you pay the premium for your parents, you can claim up to Rs. 60,000.

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Cheers,
Team BB