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PolicyWala NewBie
I have one more question - An individual assessee pays through credit card during the previous year health insurance premium as under:
- Rs. 12,000 to keep in force an insurance policy on his health and on the health of his wife and children
- Rs. 17,000 to keep in force an insurance policy on the health of his parents.
Could you please let me know how much deduction he will get under Income tax?
Under the proposed new provisions.
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