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Tax benefit on health insurance premium
Several organizations, including those in the insurance sector, are eagerly anticipating a reduction in the GST % in health insurance
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Explained: Smart tax savings options for senior citizens
If investments are well-planned, one can enjoy the tax-free income up to Rs 5 lakh.
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Health insurance for your parents: Never miss these points
Check if the plan comes with other additional factors such as cataract benefits, free medical check-ups, no claim bonus, co-payment option, etc.
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Seven points to remember while filing ITR
Make a list of all the investments, insurance premiums and loan EMIs you have paid between April 1, 2020 and March 31, 2021 before you start filing.
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Health insurance through IT deduction prism
Health or medical insurance covers are eligible for tax deduction up to Rs 1 lakh.
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Tax-saving strategies other than Section 80C
Section 80DDB entitles taxpayers to a deduction for medical expenses incurred in treating particular conditions or disorders
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Save tax by insuring your parents
Unlike some other financial options, providing your parents with medical insurance is not just worthwhile, it is critical
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Cash transactions: Know the rules to avoid the taxman’s ire
Under Section 269ST, a blanket restriction has been placed on the recipient on acceptance of cash for an amount of Rs 2 lakh and above
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Your last minute tax-saving guide for FY21
You first need to calculate your tax liability and check, what deductions you’re eligible for how much you’ve exhausted
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Section 80D: How health insurance can help you save tax
Effectively, individuals can maximise tax benefit under section 80D to a total of Rs 75,000
