ECHS contribution eligible for Income Tax Exemption under Section 80D

Govt allows Income Tax Exemption for contribution made under ECHS (Ex-Servicemen Contributory Health Scheme) under Section 80D of Income Tax Act

About Section 80 D:

Deduction for the premium paid for Medical Insurance

A deduction of Rs. 25,000 can be claimed for insurance of self, spouse and dependent children. An additional deduction for insurance of parents is available to the extent of Rs 25,000 if they are less than 60 years of age or Rs 50,000 (has been increased in Budget 2018 from Rs 30,000) if parents are more than 60 years old. In case, a taxpayers age and parents age is 60 years or above, the maximum deduction available under this section is to the extent of Rs. 100,000.

ECHS for Section 80D of Income Tax Act, 1961 for the A.Y. 2019-20 & subsequent assessment years

MINISTRY OF FINANCE
(Department of Revenue)
[CENTRAL BOARD OF DIRECT TAXES]

NOTIFICATION

New Delhi, the 26th September, 2018

S.O. 4982(E).- In exercise of the powers conferred by clause (a) of sub section (2) of section 80D of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Central Government hereby notifies the Ex-Servicemen Contributory Health Scheme of the Department of Ex-Servicemen Contributory Health Scheme of the Department of Ex-Servicemen Welfare, Ministry of Defence, for the purposes of the said clause for the assessment year 2019-20 and subsequent assessment years.

[Notification No. 55 /2018 (F.No. 178/15/2018-ITA-I)]
VINAY SHEEL GAUTAM, Under Secy.

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