mehaksharma1010
New Member
Tax Saving Health Insurance
Tax can be saved in several ways. The most common way for people to save tax is to invest in places where their income is of use, and at the same time provides them with several tax benefits. A person has many options for saving tax and making sure that all the money he or she has earned is put to maximum use. Such investments tend to give returns in the long run and once the money has been invested in such place, it is seldom possible to withdraw the amount in times of emergency.
A health insurance policy allows a person to stay financially prepared for any sort of a medical emergency. A mediclaim policy also allows the insured to avail tax benefits under section 80(D) of the Income Tax Act. The policy a person opts for determines the amount of tax that the individual can save. Subject to a maximum of Rs. 15,000, premium paid in lieu of a health insurance is exempted from tax. Thus by investing in a health insurance plan, a person has double benefits—tax benefits and financial security.
Apollo Munich provides health insurance policies that are inexpensive and still provide a good cover. All their plans are conceptualized after a team of experts conducts a market survey to find out the gaps between the needs of Indians and the kind of policies they are getting. All their policies at the also provide tax benefits.
Tax can be saved in several ways. The most common way for people to save tax is to invest in places where their income is of use, and at the same time provides them with several tax benefits. A person has many options for saving tax and making sure that all the money he or she has earned is put to maximum use. Such investments tend to give returns in the long run and once the money has been invested in such place, it is seldom possible to withdraw the amount in times of emergency.
A health insurance policy allows a person to stay financially prepared for any sort of a medical emergency. A mediclaim policy also allows the insured to avail tax benefits under section 80(D) of the Income Tax Act. The policy a person opts for determines the amount of tax that the individual can save. Subject to a maximum of Rs. 15,000, premium paid in lieu of a health insurance is exempted from tax. Thus by investing in a health insurance plan, a person has double benefits—tax benefits and financial security.
Apollo Munich provides health insurance policies that are inexpensive and still provide a good cover. All their plans are conceptualized after a team of experts conducts a market survey to find out the gaps between the needs of Indians and the kind of policies they are getting. All their policies at the also provide tax benefits.