The very last date to set aside levy for the monetary year 2021-22 is March 31, 2022. In organizing to keep levy; if you have by now worn out the boundary of Rs 1.5 lakh obtainable below part 80C, you might judge levy save below part 80D.
Below part 80D, first-class rewarded towards a fitness indemnity plan, up to a definite boundary based on period, will provide you the levy advantage which is more than and over part 80C boundary.
You might save revenue levy up to Rs 1 lakh by trade a physical condition indemnity plan but you and your parents are over age 60 i.e. superior citizen. There is restricted higher-ranking resident physical condition indemnity strategy as fine
The levy advantage that you be able to advantage on the quality compensated towards a few sort of fitness indemnity strategy fall beneath part 80D of the Income Tax Act, 1961. The utmost tax advantage is the cap at Rs 25,000 or Rs 50,000, still, the definite levy advantage will depend on your era.
The very last time to save levy for the monetary year 2021-22 is March 31, 2022. In sort to save tax, if you have previously worn out the boundary of Rs 1.5 lakh offered beneath part 80C, you might believe levy saving below part 80D.
Below part 80D, finest rewarded towards a fitness indemnity plan, up to an assured boundary based on age, will suggest you the tax benefit, which is more than and over part 80C boundary.
You might save revenue levy up to Rs 1 lakh by running a fitness indemnity plan if you and your parents are on top of era 60 i.e. superior citizen. There is a special superior resident fitness indemnity policy as fit.
The levy advantage that you can advantage on the finest compensated towards whichever class of fitness indemnity plan fall below part 80D of the Income Tax Act, 1961.
The utmost levy advantage is the cap at Rs 25,000 or Rs 50,000, but, the real levy advantage will depend on your era.
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