| Income Tax Section |
Gross Annual Salary |
How Much Tax Can You Save? |
HDFC Standard Life Plans |
| Sec. 80C |
Across all income slabs |
Upto Rs. 30,900/- saved on investment of Rs. 1,00,000/- |
All our Life Insurance Plans |
| Sec. 80CCC |
Across all income slabs |
Upto Rs. 30,900/- saved on Investment of Rs.1,00,000/- |
All our Pension Plans |
| Sec. 80 D* |
Across all income slabs |
Upto Rs. 9,270/- saved on investment of Rs. 30,000/-
(Inclusive of Rs.15,000/- towards health insurance of parents) |
- All our Health Insurance Plans
- All the health insurance riders available with our Conventional Plans
|
Upto Rs. 10,815/- saved on investment of Rs.35,000/-
(Inclusive of Rs. 20,000/- towards health insurance of parents who are senior citizens) |
Total Savings
Possible ** |
Rs. 41,715/-
- Rs. 30,900/- under Sec. 80C and Sec. 80CCC
- Rs. 9,270/- or Rs. 10,815/- under Sec. 80D
- Above figures calculated for a male with gross annual income exceeding Rs. 8,00,000/-
|
| Sec. 10 (10)D |
Under Sec. 10(10D), the benefits received by you are completely tax-free |
- Applicable to premiums paid for all Health Insurance Plans, Critical Illness Benefit, Accelerated Sum Assured and Waiver of Premium Benefit.
** These calculations are illustrative and based on our understanding of current tax legislations.
- The above-mentioned tax benefits are subject to changes in the tax laws. Please contact your tax consultant for an exact calculation of your tax liabilities.
|
* Calculations are based on highest tax benefits.
Note: These tax calculations are based on present tax legislations, which are
subject to change The aggregate deductions from income under Sections 80C, 80CCC
and 80CCD (applicable in case of central government employees only) should not exceed
Rs 1 lakh.