Amount paid in any mode other than cash by HUF or an individual to LIC or insurer for an insurance on the health of a specific person.
Here specified person means: -
- In case of an individual: self, spouse, dependent children or parents.
- In case of HUF: Any member thereof.
- Deduction for the preventive health check-up should not be more than Rs.5000
- Payment for preventive health check-up should also be made in cash.
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