Tax Treatment of Mediclaim insurance and Life insurance

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Daya (Querist)
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31 December 2022 what is tax treatment of Mediclaim insurance and life insurance in the case of individual in income tax.

Dhirajlal Rambhia (Expert)
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31 December 2022 Premium paid is deductible u/s. 80C & 80D of the act...
While claim amount received is generally exempt under the act..

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