Medical Insurance Information

Under the "Med. Insurance" tab, you can enter information on the following, for tax rebate under section 80D.

As soon as you click on the

icon on top of the right extreme column in the table, you will see a row with blank fields appearing inside the table, where you can enter details of premium that you have paid or will be paying for the year. Please click on the respective cells to update the required details.

Field	Instruction
Policy No.	Please enter the insurance policy number. If you do not have a value for this field, please enter "TBE." TBE stands for "To Be Entered." Tanqaa forces you to make an entry because this field is a mandatory field.
Premium	Please enter the total annual premium amount (in Rs). The amount can have a maximum of two decimal places.

You can create as many rows as you wish to enter details in the respective fields by clicking on the

icon. If you wish to delete any of the rows, you could do so by clicking on the

icon at the end of the row.

Please select the "Senior citizens included" check box if any of the policy holders is a senior citizen (over 60 years in age).

You can avail the following tax rebates for medical insurance premium paid under section 80D of the Indian income tax act.

Tax rebate of Rs 15,000 -- In case of medical insurance premium paid for the employee, spouse & children

Rs 20,000 -- In case of parents above 60 years (senior citizens) of age are covered

The above amounts can be deducted from an employee's gross total income while arriving at the taxable income.

The details for the various investment options along with the required proof and guidelines are given below for your reference.

Section 80D	Proof to be submitted	Guidelines
Medical insurance premium such as Mediclaim	Photocopy of all premium receipts issued by the insurance company along with copy of the insurance policy (indicating name of the persons insured). Photocopy of bill/receipt for taking preventive health checkups.	Receipts should be of the current year only Policy can be in the name of individual, spouse, children, and dependant parents Preventive Health Checkup bill(s) should carry the message that the amount is spent for the same and not for other checkups.

Whenever you submit receipts to your organization, amounts in the medical insurance receipts should be the same as the amounts entered in the tax declaration screen of Tanqaa.