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Health InsuranceIntermediate4 min read
Health Insurance Tax Benefits (Section 80D)
How premiums for self, family and parents qualify for deductions — and what changed for the new tax regime.
Note: Tax limits and rules are updated each year. Always check the latest Income Tax Department site or speak with a tax advisor before filing.
Section 80D — the basics
- Deduction available for premiums paid for self, spouse, and dependent children.
- An additional deduction is available for premiums paid for parents — with a higher cap if the parents are senior citizens.
- Preventive health check-up expenses are also eligible up to a sub-limit (within the overall 80D ceiling).
Old vs new tax regime
Section 80D deductions are available only under the old tax regime. If you opt for the new tax regime, you generally cannot claim these — factor that into your regime choice each financial year.
How to claim
- Pay premiums via bank transfer, credit card, UPI or cheque — cash premiums are not eligible for 80D.
- Retain premium receipts and the insurer's certificate of premium paid.
- Declare in your ITR's deductions section under 80D, splitting between self/family and parents.
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