Boost Your Tax-Savings by Claiming Deductions Under Section 80D on Health Insurance Premiums for FY 2024-25:

If you pay premiums on health insurance for yourself and your family, then utilise Section 80D to increase savings by claiming deductions in ITR.

Claim Deductions Under Section 80D on Health Insurance Premiums to Reduce Your Tax Burden

Nidhi

Mar 19, 2025

Last update on Mar 19, 2025

Boost Your Tax Savings by Claiming Deductions Under Section 80D on Health Insurance Premiums for FY 2024-25 Individuals who want to file their income tax return under the old tax regime should use the remaining days of March 2025 to the fullest, as the current financial year 2024-25 is coming to an end. If you are someone who pays premiums on health insurance for yourself, your family and your parents, then you should utilise Section 80D to increase your savings by claiming deductions.

Understanding Section 80D

Section 80D allows taxpayers in India to claim a deduction on health insurance premiums paid for themselves and their families. If you have purchased a health insurance policy or paid the premium in the financial year 2024-25 (AY 2025-26), then you can claim a deduction under Section 80D. This deduction minimises your taxable income, lowering the amount of tax you need to pay.

Amount of Deduction Available to an Individual Taxpayer under Different Scenarios

Particulars	Deduction for Self and Family	Deduction for Parents	Maximum Deduction
Self and Family (below 60 years)	Rs. 25,000	-	Rs. 25,000
Self, Family and Parents (all below 60 years)	Rs. 25,000	Rs. 25,000	Rs. 50,000
Self and Family (below 60 years) and Parents (above 60 years)	Rs. 25,000	Rs. 50,000	Rs. 75,000
Self, Family and Parents (all above 60 years)	Rs. 50,000	Rs. 50,000	Rs. 1,00,000
Members of HUF (below 60 years)	Rs. 25,000	Rs. 25,000	Rs. 25,000
Members of HUF (a member above 60 years)	Rs. 50,000	Rs. 50,000	Rs. 50,000

Deduction Limits Available Under Section 80D

General citizens below the age of 60 can claim a tax deduction of up to Rs. 25,000.
Senior citizens, above the age of 60, can claim a deduction of up to Rs. 50,000.
If you pay health insurance premiums for your parents, you can claim an extra tax deduction of Rs. 25,000 if they are below 60 years or Rs. 50,000 if they are above the age of 60.

A deduction of up to Rs. 5,000 is available for preventive health checkups. However, this amount is included within the overall deduction limit of Rs. 25,000 or Rs. 50,000, depending on the individual's age. Additionally, if you are not paying for health insurance for a senior citizen (aged 60 or above), you can still claim a tax deduction of up to Rs. 50,000 for their medical expenses instead. If you are someone who is above the age of 60 and your parents are also above 60, then you can claim tax deductions up to Rs. 1 lakh under Section 80D if you are paying health insurance premiums for yourself and your parents.

About Author

Nidhi

Content Writer

Nidhi is a skilled content writer specializing in personal finance. She creates clear, engaging articles on mutual funds, investments, insurance, and wealth-building strategies. With a passion for simplifying complex financial topics, Nidhi helps readers make informed money decisions with confidence. She can be reached at [email protected]