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What taxpayers want from Budget 2023| EconomicTimes


What taxpayers want from Budget 2023| EconomicTimes

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Increase in tax exemption limit for health insurance

With increase in the cost of medical treatment, medical insurance premiums have also shot up especially after the novel coronavirus pandemic. Hence, to encourage citizens to procure medical insurance, the government could consider enhancing the deduction limit under section 80D from Rs 25,000/Rs 50,000 to Rs 50,000/Rs 1 lakh.

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