Ex-Servicemen Contributory Health Scheme notified for 80D deduction under Income Tax

By | September 27, 2018
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(Last Updated On: September 27, 2018)

Notification No. 55 /2018 Income Tax

Summary of Notification No. 55 /2018 Income Tax

The Central Board of Direct Taxes (CBDT) has notified the ‘Ex-Servicemen Contributory Health Scheme’ of the Department of Ex-Servicemen Welfare, Ministry of Defence, for the purpose of Section 80D deduction under Income Tax Act . The deduction is available for the assessment year 2019-20 and subsequent assessment years
Section 80D provided Deduction in respect of health insurance premia.. Relevant portion of Section 80D(2)(a) of Income Tax  is as follow :-
2) Where the assessee is an individual, the sum referred to in sub-section (1) shall be the aggregate of the following, namely:—
a) The whole of the amount paid to effect or to keep in force an insurance on the health of the assessee or his family or any contribution made to the Central Government Health Scheme or such other scheme as may be notified by the Central Government in this behalf or any payment made on account of preventive health check-up of the assessee or his family as does not exceed in the aggregate twenty-five thousand rupees
…..

Read Notification No. 55 /2018 Income Tax

MINISTRY OF FINANCE
(Department of Revenue)
[CENTRAL BOARD OF DIRECT TAXES]
NOTIFICATION
New Delhi, the 26th September, 2018
S.O. 4982(E).— In exercise of the powers conferred by clause (a) of sub section (2) of section 80D of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby notifies the
Ex-Servicemen Contributory Health Scheme of the Department of Ex-Servicemen Welfare, Ministry of Defence, for the purposes of the said clause for the assessment year 2019-20 and subsequent assessment years.
[Notification No. 55 /2018 (F.No. 178/15/2018-ITA-I)]
VINAY SHEEL GAUTAM, Under Secy.

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