Save your health and taxes!
#InvestInHealth and get up to ₹5,000 tax deduction.
Did you know that there are ways to get tax relief under the Income Tax Act, 1961?
That is correct! Section 80/D of the Act includes various measures such as investments for health improvement. Under this section, you can avail tax benefits and save up to Rs 5,000 by getting preventive health check-ups for yourself, spouse, children and parents.
Preventive health exams can prevent medical problems from occurring in the early stages. Often the disease is not detected until it reaches a dangerous stage, so treatment may not be effective. Regular inspections can prevent this.
After the exam, you can claim these deductions by submitting the necessary documents, such as receipts and invoices, to the tax authorities by the end of the financial year.
The total tax savings may vary depending on your age. For example, if you have health insurance for a family member under 60 years of age, you can get a deduction of up to ₹ 5,000 for 25,000 and her ₹ 5,000 for preventive health check-ups is also included in this deduction. For senior citizens, this limit is ₹50,000.
Plan your medical tests accordingly and get the most benefit from your tests. What are you waiting for? Choose wisely and #Invest in your health!
To save money, book your health check in Metropolis.
