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Section 80D includes all sort of medical insurance policies. I am not sure what aarokyadaan is, but if it is a health insurance policy, then yes it is eligible
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What is the maximum amount of deduction to a senior citizen under section 80d for assessment year 2007-2008?
The current deduction (In 2013) is 20,000 rupees
What is deduction under section 80d towards medical insurance premium?
We all know about Medical Insurance but many of us dont really have such insurance policies. To motivate people to get insured, the government has provisions under section 80D to help you reduce your tax liability if you have such policies. The premium amount, which is paid for medical insurance policy for self and family members to protect them from sudden medical expenses, comes under this section. The maximum amount allowed for exemption annually for self, spouse and dependent parents/children is Rs. 15,000. In case of a senior citizen, the maximum amount extends up to Rs. 20,000. If you are paying the premium for your parents (whether dependent or not), you can claim an additional maximum deduction of Rs. 15,000.
What is the legal limit of subwoofers in Texas?
In Dallas it can't be more then 80d
What is 300 ucas points?
a levelsa = 120 pointsb = 100 pointsc = 80d = 60e = 40ASa = 60 pointsb = 50c = 40d = 30e = 20hope this helps :)
What is 80l 80g 80dd 88b 88c 80e in income tax?
Section 80D - Medical Insurance for Self & DependentsSection 80DD - Medical Treatment of a Physically Disabled DependentSection 80DDB - Medical Treatment of Self/Dependents for Certain Diseases:Section 80E - Education Loan:Section 80G - Donations to Charitable Institutions:Section 80GG - Relief for House Rent:Section 80GGC - Donations Made to Political Parties:Section 80U - Exemption for Disabled Individuals:Section 80CCG - Rajiv Gandhi Equity Savings Scheme – RGESS
What does A the W in 80 D stand for?
"A" stands for "Arabic" and "W" stands for "Western" in the movie 80D, which refers to 80 Days, a 2004 animated adventure comedy film that combines elements from both Arabic and Western cultures.
What is best tax saving plan?
Life Insurance policies offer best tax saving plan to help you save uptoRs...u/s 80C. You can also save tax u/s 80CCC, 80D and 80 DDD.
What are the Changes in Individual Income Tax Rules after budget 2012 in India?
The following are the main changes to the individual income tax rules as per the Budget 2012: 1. Minimum/Basic Exemption hiked to Rs. 2 lakhs. 2. Highest Tax slab (30%) is applicable if your income is greater than 10 lakhs 3. No discrimination between Male & Female Tax Payers. The Tax Slabs & Taxation Rates will remain the same for all regular citizens irrespective of Gender 4. Interest of upto Rs. 10,000/- earned by Individuals from their Bank Accounts is exempt from Income Tax 5. Up to Rs. 5000/- can be claimed as tax exemption for health checkup. This expense is part of the Rs. 15,000/- limit under Sec 80D (Medical Insurance Premium). 6. A new deduction of 50000 Rs also proposed for investment in equities through the Rajiv Gandhi Retail Equity scheme for individuals whose income is up to 10 Lakhs
A 20ft by 40 ft swimming pool is surrounded by a deck d feet wide. what is the area of the deck?
Area of deck = (20+2d)x(40+2d)-(20x40) Area of deck = (20x40)+40d+80d+4d2 -(20x40) Area of deck = 120d+4d2
A rectangular bin holds 640 cubic feet of grain. If the bin is 8 feet wide and ten feet long how deep is the bin?
The bin is an open cuboid with a volume (v) = length x width x depth (d).640 = 8 x 10 x d = 80d : d = 640 ÷ 80 = 8 feet.The depth is 8 feet.
What are other functions of health insurance other then it covering medical expenses due to accidents and illness?
Apart from covering medical expenses owing to illness,accidents, you can avail free health check up upto 1% of sum insured if you have no claim in 4 consecutive years in India. Further you can avail tax benefit u/s. 80D of I.T. Act upto Rs.15,000/- every year. Above all, what you can attain having health insurance is mental strength and peace when the medical expenses are skyrocketting every day !
How do you save tax in India?
Savings In light of Indian Income Tax Deductions in Financial Year 2009-2010Savings Under Section 80C of Indian Income Tax Deductions in Financial Year 2009-2010 is maximum upto Rs 1,00,000 which can be done through1. PPF -Any contributions to Provident Fund, Voluntary provident Fund (VPF) or savings made in Public Provident Fund (PPF Account).2. Life Insurance Premiums: Any Life Insurance premiums (for one or more insurance policies) paid by you for yourself, your spouse or your children.3. ELSS Equity Linked Saving Schemes: Any investment made in certain Mutual Funds called equity linked saving schemes qualifies for Section 80C deduction.4. Bank Fixed deposits or Term deposits of >5 years5. Principal part of EMI on Housing Loan6. Tution Fees: Amount paid as tution fee for the education of two children of the assessee7. Other 80C deductions: Amount saved in National Saving Certificate (NSC), Infrastructure Bonds or Infra Bonds, amount paid as stamp duty and registration charges while buying a new home are also eligible for income tax deductions under Section 80C of Indian Income Tax Act.Savings Under Section 80D of Indian Income Tax Deductions in Financial Year 2009-2010 ican be done by claiming medical and health insurance maximum upto Rs 30,000 (self including family + parents) under the following terms1. Total amount of premium paid for health insurance of family (meaning spouse + children), or Rs. 15,000 , whichever less.Total amount of premium paid for health insurance of assessee parents or Rs. 15,000, whichever less.Savings Under Section 80DD of Indian Income Tax Deductions in Financial Year 2009-2010 can be done by claiming medical expenditure for a dependents who are disabled. Here dependent means spouse, children, brothers, sisters or any one of them. The maximum tax deduction provided by Section 80DD is Rs. 50000 in case of ordinary disability and Rs. 75000 if the disability is severe. The definition of severe disability is as defined in the official page of Indian Income Tax Act.Savings Under Section24 of Indian Income Tax Deductions in Financial Year 2009-2010 is on the interest payable on this home loan taken for new house or for renovation. Maximum deductible amount, under Section 24 is Rs. 1,50,000Savings Under Section 24 of Indian Income Tax Deductions in Financial Year 2009-2010 can be claimed on HRA which must be the minimum amount value of the following three conditionsRent Paid minus 10% of assessee salary.25% of assessee gross total income.Rs. 2000/- per month.Savings Under Section 80E of Indian Income Tax Deductions in Financial Year 2009-2010 can be claimed for any amount of interest paid on educational loan taken for assessee own higher education or higher education of spouse or children is deductible from assessee taxable income.Savings Under Section 80E of Indian Income Tax Deductions in Financial Year 2009-2010 can be claimed towards donation maximum upto 50% of donated amount in Prime Minister's Relief Fund, National Children Foundation, any University or educational institution of 'national eminence', etc.Savings Under Section 80U of Indian Income Tax Deductions in Financial Year 2009-2010 is for person with a disability. An individual who is suffering from a permanent disability or mental retardation as specified in the persons with disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 or the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999, shall be allowed a deduction of Rs 50,000. In case of severe disability it is Rs. 75,000.
