Section 80D - Payment towards health insurance

Eligibility:

Any payment made by an individual through cheque towards insurance policy for the health of self, 

wife, dependent parents or dependent children.

Amount of deduction:

The deduction from the Gross total income is available to the extent of least of the following:

   i. Rs. 10,000 (Rs. 15,000 in case of senior citizen); or

   ii. Actual expenditure incurred.