Judul : Are Health Insurance Premiums Tax Deductible
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Are Health Insurance Premiums Tax Deductible
should you be buying a life insurance policy to save tax? ask yourself why you need to buy life insurance buying life insurance plans for only tax savings is a common mistake people make on an untimely demise, a family stops getting the benefit of a regular income the deceased person's savings also gets used up
Are Health Insurance Premiums Tax Deductible, life insurance money plugs the gap in a family's resources to meet its current and future needs tax deduction or no tax deduction, your family must have adequate protection from sufficient life insurance tax deduction is actually a bonus your first focus has to be to have adequate life insurance
get adequate life insurance by buying a term plan. it provides the highest life cover at the lowest premium a large number of people buy investment-cum-insurance plans which have low life insurance coverage if section 80c limit hasn't been exhausted, claim it from life insurance premiums your first focus has to be adequate life insurance. then, look for tax deduction. you don't need to rely on tax deduction from life insurance plans provident fund and home loan principal repayment automatically qualify for section 80c deductions
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