Insurance Deduction Calculator

    See how your insurance premiums reduce your taxable income. The tool estimates deductions for health insurance under 80D and life insurance under 80C.

    Calculator

    ₹
    ₹
    ₹
    ₹
    Section 80D Deduction
    ₹50,000
    Section 80C (Life Insurance)
    ₹50,000
    Total Deduction
    ₹1,00,000
    Estimated Annual Tax Saving
    ₹31,200

    How the Calculation Works

    1. 1Enter your annual health and life insurance premiums
    2. 2The tool maps them to 80D and 80C limits
    3. 3View the deduction and estimated tax saved

    Frequently Asked Questions

    How much health insurance deduction can I claim?

    Section 80D allows deductions for self, family, and parents, with higher limits when the insured persons are senior citizens.

    Does life insurance qualify for deduction?

    Yes. Life insurance premiums qualify under Section 80C, subject to the overall annual cap shared with other 80C investments.

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