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Tax Calculator to find maximum health insurance tax deduction eligible up to Rs. 1,00,000 under Section 80D for AY 2019-20 onwards, covering the expenses related to Health insurance premium paid, Preventive health check-up fees paid, Medical Expenditure paid for self, spouse, or children, either of parents
While this document covers 'Calculation of health insurance tax deduction', learn more on Taxability of Employer-Provided Medical Expenses.
Updated per latest Union Budget 2025 LATESTHealth insurance cover for self and family premium paid not only buys the health cover but also help in saving your taxes.
The taxpayers can claim deduction u/s 80D only under old Tax Regime. Section 80D deductions cannot be claimed under New Tax Regime
Health Insurance Limits for Assessment Year 2019-20 onwards
Know more about What is a Health Insurance and how to pick one ?
Section 80D allows the deduction for the Health Insurance premium or money spent on Medical Expenditure for self and parents. The deduction can be claimed only under Old tax Regime
The following are the deductions covered u/s 80D.
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For claiming deduction u/s 80D, the payment modes should be as follows
| Self below 60 year and Parents below 60 years | Self below 60 years and Parents above 60 years | Self above 60 years and Parents above 60 years | |
|---|---|---|---|
| Self, Spouse and Dependent Children | 25000 (Premium + Preventive Health Check-up) | 25000 (Premium + Preventive Health Check-up) | 50000 (Premium + Preventive Health Check-up) |
| Parents | 25000 (Premium + Preventive Health Check-up) | 50000 (Premium + Preventive Health Check-up) | 50000 (Premium + Preventive Health Check-up) |
| Total Deduction | 50000 | 75000 | 100000 |
Yes, HUF can also claim Tax Exemption u/s 80D.
The maximum deduction available to HUF is Rs 25,000 in case of premium paid to insure the health of any member and Rs 50,000 in case premium is paid for Senior Citizen
As a welfare measure, Resident Senior Citizens with the age of 60 years or more can claim the medical expenditure if no premium has been paid. The maximum deduction allowed is Rs 50,000.
Know More On @ Deduction of health insurance u/s 80D
If you have paid the Health Insurance Premium in lumpsum for more than 1 year, the premium can be claimed proportionately for number of years paid
No, Premium paid under Group Health Insurance Policies cannot be claimed as deduction u/s 80D
Yes, you can claim deduction u/s 80D irrespective of whether parents are dependant or not
Learn More @ How Health Insurance benefited a Family?
No, Deduction u/s 80D can be claimed only for Dependent Children
Learn More @ How to plan for a Good Health Insurance Plan?
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.