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Health Insurance Tax Saving
Health Tax Saving
Health insurance is an essential purchase in the times of rising health costs. Celebrate your life by safeguarding your health and save tax as well. We help you figure out how much money you can save in taxes by buying health insurance.
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Total tax deduction received u/s 80D
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After taking into account tax deductions, your taxable income is
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0
The net tax payable is
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0
You effective tax rate is
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Tax saved is
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Note:
This calculator is applicable for Finance Year 2018-19
Surcharge : 10% of the Income Tax, where taxable income is more than ₹ 50 lacs and upto ₹ 1 crore. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of ₹ 50 lacs by more than the amount of increase in taxable income. 15% of the Income Tax, where taxable income is more than ₹ 1 crore. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of ₹ 1 crore by more than the amount of increase in taxable income.
Health & Education Cess : 4% of the total of Income Tax and Surcharge.(including surcharge if any).