- What is the deduction specified under Section 80D?
Section 80D falls under Chapter VI-A of Income Tax Act, 1961 (for brevity ‘ITA’), which deals with ‘deductions to be made in computing total income’. Section 80D deals with deduction in respect of amounts paid towards health insurance, medical expenditure and preventive health check-up.
- Who are eligible for claiming deduction under Section 80D?
The deduction is available for individual and Hindu Undivided Family (HUF). The section allows cover for: