Paragraph match score 84.2%
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· Health Insurance
Investing in a comprehensive health insurance plan not only safeguards your finances against medical emergencies but also offers tax benefits. Premiums paid towards health insurance for yourself, your spouse, and dependent children are eligible for deductions under Section 80D.
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Investing in Health Insurance and Medical Expenses
Investing in health insurance not only provides financial protection against medical emergencies but also offers tax savings for salaried individuals. Under Section 80D of the Income Tax Act , you can claim deductions for the premiums paid towards health insurance for yourself, your spouse, dependent children, and parents. The deduction limits are as follows: