Get a tax deduction of up to ₹50,000 without health insurance; here is how senior citizens can avail the benefits of Section 80D..
ITR 2026: Even if you or your parents are aged 60 or older and do not have health insurance, you can still avail a tax deduction of up to ₹50,000. Under Section 80D of the Income Tax Act, senior citizens are entitled to this tax deduction on medical expenses. However, this benefit is available only to taxpayers who opt for the Old Tax Regime; this deduction is not available under the New Tax Regime.
Which expenses qualify for the tax deduction?
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