JazzyPretzel
23moTrending @Accenture; Tax exemption on parental insurance
How much tax can we save for parental insurance if the premium is 34000 Rupees in Accenture.
23mo ago
SleepyPenguin
23mo
If you’re parents are below 60 years then the deduction under 80D is 50000 total for you and your parents put together. If they’re above 60, then it is 75000
But remember you can claim exemption only old regime and not for new regime.
JazzyPretzel
23mo
I did not get 50000 and 75000 on ages, what does it mean actually, actually I just want to tell you for 2 lacs it is coming 34k as premium as the parents are above 60 years, I just want to know for 34k how much tax will be exempted?
SleepyPenguin
23mo
Complete 34000 will be exempted if you’re in old regime
Discover more
Curated from across
