do we save 100% on mediclaim premium for our parents in income tax?

like
Posting as :
works at
You are currently posting as works at

provided they are your dependents with no income source

How do we save 100%? We just get tax benefit in 80D, right?
Don't we need to pay premium!?
Maybe I interpreted it wrong, but someone help me understand.

Wow, no reply on such a detail message.

Narak me jaoge harami log 😶

Related Posts

Hi do you interview from time to time just to check what’s your market worth?

like

If you had to guess when oncycle will be, what would you say? I’ve heard funds were disappointed by participation rates and quality last time, so I’m curious to see if they can show enough discipline to wait this year.

like

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

like

Hey beautiful people,
I’m 27Y and work in tech. Unfortunately my carpal tunnel is getting worst slowly. I’m worry that I still have like 45 years more to be retired and can’t stop working because I have a f* mortgage to pay 😭 I have a super ergonomic workstation, but I know my hand needs a long rest, and I can’t do it… Does anyone relate? What do you recommend?

like

What's up with american funds? They seem like the hottest "it" fund--is it all marketing and hype or do you believe this is the hottest fund company on the street? Which mutual funds are you selling

like

For those that are currently investing.. Did you have an emergency savings first then started investing or did you just take $$$ and start buying?

like

I’m trying to buy my first house and my wife and I have a few IRAs from previous employers (Roth and non Roth). I read I won’t be penalized if I take out upto 10k from my IRAs for a first time house (except for taxes on the non-Roth accounts). Anyone know how true this is, how the process works, or have any advice? Is it a good idea

like

Are my crypto profits taxed?

Well yes. Crypto is taxed like stocks & other types of property. When you sell for a profit, you are required to pay tax on the gains. It’s called capital gains tax.

like

Is anyone planning on trading water futures?

funnylike

Thoughts on Marcus vs. Ally vs. Wealthfront? Looking for a place to park my emergency savings

Looking for a panty dropper used car for around 40k. What would you suggest? Considering a wide range of options from x5 to F type

like

What did one investment banker say to the other?

like

Did anyone else get a ridiculous rent increase this year?

like

What is the *prime* amount of money to bring you happiness?

like

Hi guys!
I am here to request for some support from the community in form of referrals as you may know about all the uncertainties that are prevailing at better mortgage. Any lead would be highly appreciated.

like

Is it still worth buying Tesla stock? Especially after rising so much since year start?

like

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

Hi Fishes,
Had a very serious query. In my current organization I was not under taxable bracket by any means so I didn't submit any investment declarations or anything. But I'll start a new job in 2 weeks where I'll be under taxable bracket. So will I get a chance to submit my investment declarations in the new company for tds calculations in the middle of the year ? I'm new to everything so would appreciate your help. TIA :)

like

Any good book for learning about real estate? I live in NYC,23 and I'm interested in getting in it next year God willing...?

like

More Posts

What job is light and flexible that offers health insurance? Plz… hope there is one out there

like

What’s the best way to transition into tech sales?

I have 3 years of consulting (2.5 at EY, .5 at boutique) in finance and analytics. I’m struggling on looking for roles because I’m afraid I will go down in comp (currently base 105)

like

I started investing in Vanguard Mutual Funds and and did some research online today and it seems like we can’t do that and it might not be halal. Does anyone have any insights here?

like
like

What is the average adoption assistance benefit at big law firms?

like

On a cold and rainy day, lounging in front of the fireplace is the best

Post Photo
likeuplifting

Hi Fishes,

Is
Nagarro the only service based company which pays really well...means at par with product based companies? Nagarro

Has anyone regretted going in-house as patent counsel? If so, were you able to successfully transition back to a firm?

like

How are the hikes in fidelity every year? And do they pay out 100% bonuses? Are there any other perks?

like

Hey, I have around 4.5 yoe, curr CTC 14.2 LPA fixed, I got an offer from Optum Labs @ Grade 27, What would be ideal salary for my exp level and grade*. Location : BLR

like

Looking to connect with folks with a Workiva background. DM to chat further.

Does anyone work a compressed/ 4 day schedule? Any tips on making it work? Are there things you didn’t expect that you wish you had known about? How did you set boundaries?

like
likehelpful
like

Hi did anyone recently join Morgan Stanley . I heard that after joining we need to transfer a demat account. Can anyone help with this . I just read about this in some comments no info from hr side.

Hi All,
How much CTC I can expect from Natwest for 2.1 yoe?
Skillset - Java,Springboot,Microservices
Have 1 offer in Hand of 6 LPA.
Also in Natwest, am done with CPC round. It went really well. So i need suggestions for HR Round.

Thankyou!

like

Feeling a little lost in my new role as program manager. Any advice or recs?

like
like

Hello,

Can ex-TCSer join back TCS??

like

How is BNP Paribas as a company for a senior BA with yoe 6 years ? Heard a lot about good WLB , but also got to know that yearly hikes are not good enough. Are all this factor depends on your team which I will be joining ? Is it worth choosing BNP Paribas over Big4 like PwC and EY ?

like

Additional Posts in Investing and Personal Finance

I have savings of 5 lac INR and want to invest it somewhere. What should I choose?

like

How do I invest in Secure Gold Bonds? Any reliable procedural steps or blogs or videos available?

like

Can one do an sip or increase amount in coffee can portfolio gradually instead of a lumpsum investment?

like

hello, in elss is mirrae tax saver good or quant tax plan?

like

How many of you are involved in share trading/Derivatives Trading apart from your current job? And how are you managing it? What return are you generating?

like

Hi fishes,
Currently I am invested in two mutual funds:
UTI nifty index
Parag parikh flexi

Which other MFs are worth investing?

like

Has anybody invested on affordable housing in Gurgaon, India? Or got any insight for a first time investor.

like

Hello Folks,

I am working in a mnc company, It's initial phase of my life I am 25 but I made a huge mistake that I started working in stock market when I was 22 and I lost the whole capital I earned in 3 years which I around 7 lac rupees and Found myself completely devasted and alone.
Now I am working on 13 LPA but I don't know how to accept the defeat and move on. I am completely stuck in the situation and Full with regrets also lost my whole self believe n confidence in life to do some. good.

like

Hi Fishes! I got this job offer recently, would like some advise on the salary breakup side of it. Please help me understand what the optimal breakup would be from a tax saving pov for this ctc

Post Photo
like

My ctc shows 10lpa + 20lac esops. But I'm not sure if I'll get this 20lac stocks for free or do i need to buy them by paying? Distribution is 4lac per year for 4 years. Pls explain.

like

Hi fishes,
I'm 22 and planning to take a life insurance. I'm comparing all policies and max life seems attractive as it has good claim settlement ratio and less premiums. But there is no office near our area. My worry is that if there is a need to claim in future, it can be done all online by my nominee? Is it recommended to take policy online in any platform(like policybazaar)?
Other options I'm considering are SBI life, HDFC life which offices are available in my locality.
Please guide

like

Hi Sharks
I am 25 years old with in hand salary of 1L(just from last month) and i want to buy a term insurance plan. My questions are:
1. Is it wise to take 2 plans of term insurance one with return of 60 years and another without return of 80 years of each 1cr.
2. Is it wise to include health riders in insurance plan to claim for 80d or just chose health insu
3. How much one can ideally shell out for insurance per month (both term and health) for self in terms of percentage of monthly income.

like

Is CQF useful to get entry level Quant job?? for non quant undergrad.

like

Hi Folks,

Could you please suggest a good health insurance plan for my parents (Dad-59, Mum-54)? I've heard Max Bupa is very popular but I compared its benefits with ICICI Lombard and the latter seems to be better.

Any insights would help. Thank you! :)

like

I'm 21, trying to build wealth. I need your help!

In the next 5 years, I plan on buying a house but there are so many investment options, I don't know what to choose.

I can invest upto 30,000 a month, please suggest!

The current state of market has me confused. I need an AR of 10-15% with Medium-High to Very High Risk profile.

Thanks!

likesmart

Considering the current fall in the equity and crypto market, which would be your go-to stocks / coins?

like

From where do we get Form 26AS?

like

Any good mf with less tracking error to invest in us equity.

like

Hi fishes

I am planning to start investing in a smallcase. I am considering paid managers. Any suggestions on manger and smallcase will be really helpful

like

KEC International looks good to buy around 350 levels

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal