14 July 2019
Preventive Health Check-up Any payments made towards preventive health check-ups will entitle a taxpayer to a deduction of up to Rs.5,000, which is within the overall limit of Rs.25,000 / Rs.30,000 (Rs.50,000 w.e.f. 1 April 2018) as the case may be. Example 1: Rahul has paid a health insurance premium of Rs.23,000 for the insurance of the health of his wife and dependent children in the financial year 2017-18. He also got a health check-up done for himself and paid Rs.5,000. Rahul can claim a maximum deduction of Rs.25,000 under Section 80D of the Income Tax Act. Rs.23,000 has been allowed towards insurance premium paid, and Rs.2,000 has been allowed for a health check-up. The deduction towards preventive health check-up has been restricted to RS.2,000 as the overall deduction cannot exceed Rs.25,000 in this case.
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