Tag Archives: Deductions

Tax implications of a LIC Policy

myITreturn

Life is important and life lost has a tremendous impact on your near and dear ones. The emotional scars are hard to cure but one may never want their family to go through financial crisis as well. With this view Insurance has been allowed as a major deduction by the… Read more »

Deduction U/s. 80D

myITreturn

Health insurance or Mediclaim assures that you are adequately covered for all your medical expenses which might arise in the future. The coverage offered by mediclaim policies are different, depending on what kind of a policy you choose. Section 80D also includes preventive health checkup. Health insurance premia paid by… Read more »