Tag: Section 80D

budget 2021: Budget 2021 could give more tax relief on medical expenditure, insurance in wake of Covid

The Finance Minister is set to present a paperless Union Budget on February 1, 2021, and has her task cut out given that the fiscal...

Facing liquidity crunch? New tax regime may help but understand the trade-offs

Giving an example of tax savings under the new tax regime, finance minister Nirmala Sitharaman in her speech had said that a person earning ₹15...

Senior citizens can avail of tax benefit of up to ₹50,000 for medical expenditure

I am 70 years old and I bought a hearing aid for ₹70,000 during this financial year. I do not have any health insurance. Am...