Section 80D Health Insurance Deduction Calculator

Section 80D of the Income Tax Act 1961 provides deduction for health insurance premiums paid by individuals for self, spouse, and dependent children up to 150000 rupees annually, plus additional 100000 rupees for parents' mediclaim if they're senior citizens (over 60 years). The combined limit for self/family is 150000 rupees, and additional 100000 rupees applies only if you're funding parents' health insurance from your income. This deduction is available regardless of whether you claim deductions or exemptions under old or new regimes, making it a rare deduction available under both systems. Eligible health insurance includes mediclaim policies from any insurance company, domiciliary treatment expenses, and pre-hospitalization treatment costs. The calculator determines your maximum Section 80D deduction by verifying policy holders (self, spouse, children, parents), senior citizen status, and claim amounts, ensuring compliance with limits. With healthcare costs rising, strategic health insurance investment can provide dual benefits: health protection plus tax savings of 30000-50000 rupees annually. Parents' health insurance deduction is especially valuable for middle-class families supporting aging parents, turning responsibility into tax-efficient planning.