Income Tax : Explore the pitfalls of rushing into tax-saving investments like life insurance, medical insurance, and ELSS. Learn why careful pl...
Income Tax : Discover top tax-saving investment strategies in India, including options like PPF, life insurance, mutual funds, and mediclaim po...
Finance : Explore key factors for selecting a health insurance policy, including tenure, premium, post-hospitalization coverage, organ donor...
Income Tax : Article discusses about Deduction in respect of Life Insurance Premium, PPF, NSC, etc. [Section 80C]/ medical insurance premium [S...
Finance : A medical emergency can heavily impact your emotional as well as financial life. Hence, it is prudent that you buy a health insura...
Corporate Law : We invoke your kind attention towards the repeated violation of Drugs & Cosmetics Act by selling pharmacy through their respective...
Service Tax : A new 10.3% service tax has been introduced on all cashless mediclaim transactions from July 1, to be paid by Third Party Administ...
Finance : Medical care at overseas hospitals could well be within your reach with a number of health insurance providers planning to launch ...
Corporate Law : There have been several representations from consumer associations and policyholders for enabling portability of health insurance ...
Corporate Law : The Public Sector General Insurance Companies have been incurring health insurance claims in excess of premium received and after ...
Corporate Law : Statement in Response to Calling Attention Motion Notice on Unilateral Revision / Withdrawal of Medical (Cashless) Insurance Produ...
Corporate Law : Concerned over the plight of patients after withdrawal of the cashless treatment facility by some hospitals at the behest of PSU i...
Corporate Law : Mediclaim policyholders, who are not satisfied with the service of their existing service providers, will be able to switch to ano...
Many companies as a part of the compensation to employees and its HR policy pay for the health insurance of the employees and it’s family. The premium is paid by the company for the benefit of the employees.However, the HR department needs to understand the tax implication for the premium paid in the hand of the Company/Organisation and the employees.
हर वित्त वर्ष के अंत में वित्तीय सेवाएं देने वाली कंपनियां बहुत सक्रिय हो जाती हैं. इनमें बैंक, बीमा कंपनी और फंड हाउस शामिल हैं. ये केवल ईमेल और मैसेज से नहीं बल्कि बड़ी-बड़ी होर्डिंग के जरिए एक ही बात का प्रचार करते दिखती हैं. वे बताती हैं कि कैसे आप उनके प्रोडक्ट का इस्तेमाल […]
Secure your future with term insurance. Learn how term insurance can provide peace of mind and protect your loved ones in times of emergencies.
These days, having a Mediclaim policy in India is not a choice but a necessity. Your daily requirements and needs change with time, so do your health insurance needs. The basic health insurance cover that you had at the age of 25 years may not fulfill your insurance requirements of at the age of 40 […]
Deduction U/s. 80D of the Income Tax Act, 1961 in respect of Medical Insurance Premium (Mediclaim) paid, to keep in force insurance by individual either on his own health or on the health of spouse, dependent parents and children or paid by HUF on the health of any members of the family.
CA Abhianchal Dua Deduction is available up to Rs. 25,000 to a tax payer of premium paid for Medical insurance of self, spouse and dependent children. If individual or spouse is 60 years old or more the deduction available is Rs 30,000 (this amount has been increased to Rs 50,000 w.e.f A.Y 2019-20). An additional […]
Section 80D: Deduction Under Section 80D for Mediclaim Insurance Premium to Individual, HUF, Senior Citizens.
Often financial planners advise individuals to set apart atleast six months of their earnings as an emergency fund in order to meet unforeseen expenses such as sudden hospitalisation, loss of jobs, etc. Such a fund is generally maintained in cash at home or in a savings bank account, which earns an interest of around 3.5%.
Recently, My Father in law was hospitalised and had a surgery. Strangely, all visitors asked “Do you hold a Health Insurance? Expenses are covered nah?” Listening to this I had decided that my next article had to be on Health Insurance. So in this ‘Thoughtful Thursday’ we are covering everything you want to know about […]
Section 80D, inter-alia, provides that a deduction upto Rs 30,000/- shall be allowed to an assessee, being an individual or a Hindu undivided family, in respect of payments towards annual premium on health insurance policy
