What is the limit for claiming a deduction under Section 80D for health insuranc

What is the limit for claiming a deduction under Section 80D for health insurance premium for a family including parents?

What is the limit for claiming a deduction under Section 80D for health insurance premium for a family including parents?

Step 1: Understand that Section 80D is a part of the Income Tax Act in India.
Step 2: Know that this section allows you to claim deductions for health insurance premiums.
Step 3: Identify who can be included in the family for this deduction: yourself, your spouse, and your children.
Step 4: Include your parents in the deduction if they are also covered by the health insurance policy.
Step 5: The total limit for claiming a deduction under Section 80D for health insurance premiums for your family and parents is Rs. 50,000.

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