Section 80D

Decoding Section 80D in 2024: Navigating New Tax Regime, Health Insurance Deductions and Medical Billing Insights

Income Tax - Understand Section 80D in 2024: Learn about the new tax regime, health insurance deductions, and gain insights into medical billing....

Tax Benefits on Health Insurance and Bank Interest

Income Tax - Discover tax-saving opportunities with Section 80D for health insurance premiums and Section 80TTA/80TTB for bank interest. Ensure financial wellness and optimize deductions....

Section 80D of Income Tax | Deduction related to Medical Insurance

Income Tax - Discover the benefits of Section 80D of the Income Tax Act, providing deductions for health insurance premiums and preventive healthcare expenses. Learn who is eligible, covered expenses, and essential points for claiming deductions. Prioritize your well-being while reducing your tax burden...

Section 80D – All you need to know about deductions for medical & health insurance

Income Tax - Health insurance is a key asset to invest in, to safeguard oneself from unexpected and hefty medical bills. However, if we look at the average household in India, a very small percentage of people have medical insurance policies....

Income Tax Benefits for Senior and Super Senior Citizens

Income Tax - Discover income tax benefits enjoyed by senior and super senior citizens under Income Tax Act of 1961, from higher deductions to special rates....

Section 80D Mediclaim- Allow Pro-rata deduction of single premium paid

Income Tax - Pro-rata deduction of single premium paid in year one should be allowed over the term of the policy. E.g. if the premium paid is Rs.42,000/- for a 3-year policy, Rs.14,000/- should be allowed each year starting from the year in which the payment has been made...

Aviva Life Insurance launches online health plan – Aviva Health Secure

Income Tax - Aviva Life Insurance today announced the launch of its online health plan – Aviva Health Secure. The plan provides the policyholder with a lump sum amount on diagnoses of any critical illness covered by the policy thereby ensuring that the family has adequate funds to meet the unplanned medical expenses and get the best possible treatme...

Budget 2010-11: Deduction in respect of contribution to the Central Government Health Scheme

Income Tax - It is, therefore, proposed to also allow deduction in respect of any contribution made to CGHS by including such contribution under the provisions of section 80D. The deduction will be limited to the current aggregate as mentioned in the section....

Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR

Sandip Chattopadhyay Vs ITO (ITAT Kolkata) - In Sandip Chattopadhyay vs. ITO case, ITAT Kolkata ruled that deductions under sections 24(b), 80C, and 80D cannot be denied for not being claimed in ITR....

Govt Extends due dates under Income Tax Law & Benami laws

Notification No. 35/202-Income Tax [S.O. 2033(E)] and Press Release ID: 1634070 - (24/06/2020) - Vide Income Tax Notification No. 35/2020 dated 24.06.2020  govt extends  Due date for ITR for FY 2018-19  upto 31.07.2020, Last date for investments to be eligible for deduction under Chapter VI-A i.e. 80C, 80D etc for the FY 2019-20 [AY 2020-21] upto 31.07.2020, Last date for ITR for FY 2019-20 ...

Section 80D: CBDT notifies Ex-Servicemen Contributory Health Scheme

Notification No. 55/2018-Income Tax [S.O. 4982(E)] - (26/09/2018) - Central Government hereby notifies the Ex-Servicemen Contributory Health Scheme of the Department of Ex-Servicemen Welfare, Ministry of Defence, for the purposes of section 80D(2)(a)....

S. 80D CBDT notifies Contributory Health Service Scheme of Department of Atomic Energy

Notification No. 09/2018-Income Tax [S.O. 697(E)] - (16/02/2018) - Central Government hereby notifies the Contributory Health Service Scheme of the Department of Atomic Energy for the purposes of section 80D(2)(a) for the assessment year 2018-2019 and subsequent years....

S. 80D Contributory Health Service Scheme of Department of Space notified

Notification No. 6/2014-Income Tax - (15/01/2014) - Notification No. 6/2014-Income Tax In exercise of thy powers conferred by clause (a) of sub-section (2) of section 80D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Contributory Health Service Scheme of the Department of Space for the purposes of the said claus...

Recent Posts in "Section 80D"

Decoding Section 80D in 2024: Navigating New Tax Regime, Health Insurance Deductions and Medical Billing Insights

Understand Section 80D in 2024: Learn about the new tax regime, health insurance deductions, and gain insights into medical billing....

Posted Under: Income Tax |

Tax Benefits on Health Insurance and Bank Interest

Discover tax-saving opportunities with Section 80D for health insurance premiums and Section 80TTA/80TTB for bank interest. Ensure financial wellness and optimize deductions....

Posted Under: Income Tax |

Section 80D of Income Tax | Deduction related to Medical Insurance

Discover the benefits of Section 80D of the Income Tax Act, providing deductions for health insurance premiums and preventive healthcare expenses. Learn who is eligible, covered expenses, and essential points for claiming deductions. Prioritize your well-being while reducing your tax burden...

Posted Under: Income Tax |

Section 80D – All you need to know about deductions for medical & health insurance

Health insurance is a key asset to invest in, to safeguard oneself from unexpected and hefty medical bills. However, if we look at the average household in India, a very small percentage of people have medical insurance policies....

Posted Under: Income Tax |

Income Tax Benefits for Senior and Super Senior Citizens

Discover income tax benefits enjoyed by senior and super senior citizens under Income Tax Act of 1961, from higher deductions to special rates....

Posted Under: Income Tax | ,

Beware of Cash Transaction under Income Tax Act

Discover the legal constraints around cash transactions under India's Income Tax Act. Learn about the various sections that impose limits and penalties on cash dealings....

Posted Under: Income Tax |

Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR

Sandip Chattopadhyay Vs ITO (ITAT Kolkata)

In Sandip Chattopadhyay vs. ITO case, ITAT Kolkata ruled that deductions under sections 24(b), 80C, and 80D cannot be denied for not being claimed in ITR....

A comprehensive Overview of Section 80D of Income Tax Act, 1961

Section 80D, pertains to deductions available on medical insurance and health-related expenses. This article aims to provide a detailed analysis of Section 80D and its implications for taxpayers....

Posted Under: Income Tax |

Avoid Cash Payments: Impact on Deductions and Tax Compliance

Discover why cash payments should be avoided for personal and business transactions. Learn about the deductions affected and the potential consequences of using cash. Stay compliant with tax regulations....

Posted Under: Income Tax |

How to save Income Tax on Salary?

Discover effective ways to save income tax on your salary beyond 80C, 80D & HRA. Explore tax regime options, flexi benefit plans, NPS benefits, and tax-saving for EMIs....

Posted Under: Income Tax | ,

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