Health Insurance Tax Benefit Calculator
Find out how much tax you save by paying health insurance premiums for yourself and your parents under Section 80D.
What this Health Insurance Tax Benefit Calculator shows
This calculator helps you understand how health insurance premiums can reduce your tax liability under applicable tax laws. It focuses on tax benefits as a secondary advantage, not the primary reason for buying health insurance.
How tax benefits are calculated
The calculation is based on eligible deductions available for health insurance premiums paid for yourself, family members, and parents. Different limits apply depending on age and coverage.
Tax Benefit = Eligible Premium × Applicable Tax Rate
Why tax should not be the main driver
While tax savings are useful, health insurance should first be evaluated for coverage adequacy. Choosing insufficient coverage just for tax benefits can be financially dangerous.
How to use this result
Use this calculator to understand the additional tax efficiency of your health insurance decisions, not as the sole basis for choosing a policy.