Section 80D Deduction Under the Income Tax Act
In today’s fast-paced world, managing healthcare expenses has become a crucial aspect of financial planning. To encourage individuals to secure their health and shield themselves against unforeseen medical costs, the Indian government introduced Section 80D under the Income Tax Act. This provision offers taxpayers deductions on health insurance premiums, critical illness plans, and preventive health check-ups.
Whether you’re a salaried employee or a self-employed individual, understanding Section 80D can not only help you save on taxes but also provide much-needed financial protection for your loved ones.
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