Tax Saving tips

[taxsaver]

You can claim an 80C deduction for the amount paid for the insurance of your children.

[Evan]

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]

I hope the same applies here in my country. Unfortunately there is now law that constitutes about health insurance being tax deductions.