Whats the max amount of tax exemption, I would get for paying the premium of my parents health insurance?
Tax exemption for health insurance
Whats the max amount of tax exemption, I would get for paying the premium of my parents health insurance?
If any of your parent is a senior citizen, deduction you would get under Section 80D is Actual premium paid Rs.17,000 or Rs.20,000 whichever is less.
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Everyone thinks of changing the world but no one thinks of changing himself - Leo Tolstoy
Thanks Taxman! One more query if I take family floater policy with my parents or two policies one for my self and one for my parents; Which one of these is cheapest?
If you take two policies one for yourself and one for your parents - It will be cheaper than other option.Originally Posted by TarunVir
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Everyone thinks of changing the world but no one thinks of changing himself - Leo Tolstoy
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