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Can Health Insurance Claim Reimbursement be Tax Exempted?

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Rahul

Manager

22 Points Posted on 20 July 2024

I have received ₹6Lac as claim reimbursement from Health Insurance company for treatment of my father. I am the policy holder and I pay annual premium of ₹57K. While I do avail tax deductions u/s 80D for the said premium, but I concerned about how can I get the reimbursed amount exempted. I have read somewhere that it can be availed u/s 10(10D) but since I don't see that option in ITR Form-1, I am confused.

By profession, I am a self-employed teacher and my income is <5L and I transact mostly in cash. Please help me with your kind advise on my abovementioned concern.

Replies (3)

Quick Summary

This discussion explores whether health insurance claim reimbursements are tax-exempt in India. The policyholder received ₹6 Lac as reimbursement and currently claims deductions under Section 80D for premiums. They are seeking clarification on tax exemption for the reimbursed amount, specifically mentioning Section 10(10D) and confusion with ITR Form-1. Advice suggests checking policy terms and filing ITR-2, confirming that such reimbursements are indeed tax-exempt.