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Insurance

How to claim tax benefit on premiums for multi-year health plans

Under Section 80D, a resident individual can claim a tax deduction of up to ₹25,000 in a year for medical insurance premiumsIf you were to claim tax benefit proportionately, you would get a deduction on half the premium amount in both years

1 min read9 Jun 2019

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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