FinCalc Bharat
Health Insurance Tax Benefits

Section 80D Calculator

Maximize your tax savings on health insurance premiums and medical expenses for yourself and your parents.

Self, Spouse & Children

₹20,000
₹5,000

Parents

₹45,000
₹0
₹0
Total Deduction
Max Possible: ₹75,000
Estimated Tax Savings
₹14,000

*Based on your 20% tax slab selection.

Deduction Breakdown

Self/Family Deduction
₹25,000
Parents Deduction
₹45,000
Total 80D Benefit₹70,000

Check-up Limit

The ₹5,000 limit for preventive health check-ups is shared across self and parents.

Cash Payments

Premiums paid in cash are NOT eligible for deduction. Only check-ups can be paid in cash.

Mastering Section 80D Deductions

Section 80D of the Income Tax Act allows you to claim a deduction for the health insurance premiums you pay for yourself, your family, and your parents. This is over and above the ₹1.5 lakh limit of Section 80C.

Maximum Deduction Limits

ScenarioMax Limit
Self & Family (Below 60)₹25,000
Self & Family + Parents (Below 60)₹50,000
Self & Family (Below 60) + Parents (Above 60)₹75,000
Self & Family (Above 60) + Parents (Above 60)₹1,00,000

What counts as a deduction?

  • Health Insurance Premium: Paid for self, spouse, dependent children, or parents.
  • Preventive Health Check-up: Up to ₹5,000 per year (included in the overall limit).
  • Medical Expenditure: For senior citizens (60+) who do not have health insurance coverage.

Frequently Asked Questions

Can I claim deduction for premiums paid for my siblings?

No, Section 80D deduction is only available for premiums paid for self, spouse, dependent children, and parents. Siblings, in-laws, or other relatives are not covered.

Is the preventive health check-up limit of ₹5,000 per person?

No, the ₹5,000 limit is a total aggregate limit for the entire family (including parents) per financial year.

Can I pay health insurance premiums in cash?

No. To claim deduction under Section 80D, the premium must be paid by any mode other than cash (e.g., net banking, credit card, check). Only preventive health check-ups can be paid in cash.

What if my parents are not dependent on me?

You can still claim the deduction for premiums paid for your parents, whether they are dependent on you or not.