View Full Version : Tax Saving tips
taxsaver
02-01-2010, 08:26 AM
You can claim an 80C deduction for the amount paid for the insurance of your children.
I am assuming this is in India? Interesting.
For the American comparison:
For self-employed individuals, the cost of your health insurance is deductible as an adjustment to gross income on line 29 if it is established for your business. Health insurance costs from a partnership and sole proprietorship are reported there, and it will end up there if you have an S-Corporation and are at least a 2% shareholder.
ramirezhenry55
02-18-2010, 11:48 AM
I hope the same applies here in my country. Unfortunately there is now law that constitutes about health insurance being tax deductions.
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