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TMI BlogDeduction in respect of health insurance premia.X X X X Extracts X X X X X X X X Extracts X X X X ..... ub-section (9), out of his income chargeable to tax in the tax year. (2) In the case of an assessee, being individual, the sum referred to in sub-section (1), shall be the aggregate of the whole of the amount paid- (a) to effect or keep in force an insurance on the health (herein referred to as health insurance) of the assessee or his family, or any contributions made to the Central Government ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch are paid on account of preventive health check-up, shall be allowed up to five thousand rupees in aggregate. (4) The amount of sum referred to in sub-section (2) shall not exceed fifty thousand rupees in aggregate of the sum specified under sub-sections 2(a) and 2(c) or aggregate of the sum specified under sub-sections 2(b) and 2(d). (5) In the case of assessee, being Hindu undivided family, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n force the health insurance of such person. (8) Where the sum specified in sub-section (2)(a) or (b) or (5)(a) is paid to effect or keep in force the health insurance of any person specified therein, and- (a) such person is a senior citizen, the amount of sum as provided in such clauses, shall be substituted with fifty thousand rupees for twenty-five thousand rupees; and (b) such sum is paid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r or years during which the health insurance remains in force. (11) The health insurance referred to in this section shall be as per the scheme made in this behalf by- (a) the General Insurance Corporation of India formed under section 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972) and approved by the Central Government in this behalf; or (b) any other insurer an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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