Before we jump to the topic of How to Save Tax with Suraksha Health Checkup Packages Under Section 80D, first, we need to understand what is Section 80D and the Suraksha health package.
Section 80D of the IT Act provides income tax deductions related to the medical insurance premium paid for you and your family members. You can claim a tax deduction for the health insurance premium paid for yourself, your parents, your children, and your spouse.
Health packages are nothing but kind of diagnostic tests important for mapping the quality of one’s latest physical condition. Health packages are a great way to ensure a healthy mind and healthy body.
Various hospitals and diagnostic centers offered a variety of health packages according to your requirements. Dr. B. Lal Clinical Laboratory is providing the best preventive health packages like
Diabetes Suraksha Subscription
Now come to the topic of how to save tax with Suraksha health packages under section 80D.
Let’s understand it step by step.
Many of us know that Health Insurance premiums can be claimed for tax deduction under Sec.80D. But the majority of us don’t know that Suraksha Health Check-Up cost can also be claimed under the same Sec.80D.
Now you can save tax by investing in your health with our Suraksha health packages. A taxpayer can Claim a Deduction of upto Rs 5000/- as a Preventive Health Check Up in Income Tax.
It is not necessary that the preventive health check-up should be performed for the taxpayer only. Deduction for preventive health check-up package is accessible even when the check-up is conducted for the spouse, dependent children, and parents of the taxpayer.
Any individual or HUF (Hindu Undivided Family) can claim deduction in case of money spent on health check-ups for:
In the case of a Hindu Undivided Family, it is the HUF member who has to make the claim.
The maximum amount that you can save for preventive health check-ups including that of family members is Rs.5,000.
It is important to remember that one must keep the documented proof such as doctor’s prescription, receipt of medical tests undergone, and other documented proof in case the income tax department asks for proof.
Payment for preventive health check-ups can be done in cash as well.
Now we all know why Suraksha health packages are important for health and tax savings. Do not compromise with your health anyhow. It is not just to save your tax but also very important for your health.
Author
Mr. Shoyab Ali
(Digital Marketer)