Conclusion
When considering strategies for how I can save income tax in India, it is essential to explore various avenues such as investments, rental receipts, charitable donations, education financing and home loan deductions. However, one often overlooked yet significant aspect is health insurance. Beyond providing financial protection against medical expenses, health insurance premiums also offer tax benefits under Section 80D of the Income Tax Act. By prioritising health insurance coverage, individuals safeguard their well-being and optimise their tax planning efforts, ensuring a comprehensive approach to financial security and tax savings.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.