Tax Benefits of Health Insurance...

Most financial planners suggest that the first step in any financial plan should be to ensure that one has adequate health insurance. One must get adequate health insurance cover for self and family even before starting to save for one’s goals. The premium paid for health insurance also provides a tax benefit by reducing your taxable income and thereby your tax liability.

 

Here are five crucial things to know about tax benefits of health insurance plans as per income tax laws for fiscal 2015-2016..

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