CBDT notifies Contributory Health Service Scheme of the Department of Atomic Energy as Scheme under Section 80D of Income-tax Act, 1961

Feb 21, 2018 | by Avantis RegTech Legal Research Team

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By virtue of clause (a) of Section 80D (2) of the Income-tax Act, 1961, the Central Government has notified the Contributory Health Service Scheme of the Department of Atomic Energy for the purposes of the said clause for the assessment year 2018-2019 and subsequent years.

Section 80D (1) read with clause (a) of Section 80D (2) of the Income-tax Act, 1961 states that in computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, the sum of 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 Rs. 25,000 (twenty-five thousand rupees).

The deduction under Section 80D is subject to the condition that the payment shall be made by:

(i)    any mode, including cash, in respect of any sum paid on account of preventive health check-up;

(ii)     any mode other than cash in all other cases not falling under clause (i).

[S.O. 697(E)]

 

URL: http://www.egazette.nic.in/WriteReadData/2018/182956.pdf


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