Now most of the hospitals and clinics offer health check-up packages. If you have got a health check up done or plan to get a health check up done you can now save tax on it.
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Deduction available – Rs 5,000 can be claimed as a deduction under section 80D. This Rs 5,000 is within the overall limit of Rs 25,000 available for self U/s 80D, spouse, dependent children. Rs 30,000 when you or your spouse or both of you are more than 60 years old. (An additional Rs 25,000 is available for health insurance paid for parents and this is also increased to Rs 30,000 when one or both parents are more than 60 years old).
Let’s understand by way of some examples –
Example 1 – Mr.Anuj has paid a health insurance premium of Rs 23,200 to ensure the health of his wife and dependent children in the financial year 2016-17. He also got a health check up done for himself and paid Rs 7,000.
Rohan can claim a maximum deduction of Rs 25,000 under Section 80D of the Income Tax Act. Rs 23,200 has been allowed towards insurance premium paid. And Rs 1,800 ( 23200 + 1800 = 25,000/-) has been allowed on health check up. Since overall deduction cannot exceed Rs 25,000 in this case.