Medical Income Limits 2024 Family Of 4 In India. The table below shows medicaid’s monthly income limits by state for seniors. The tax deduction limit of rs 25,000 will not typically cover the premium of a health insurance cover of rs 20 lakh for a family of two or more today.
Deductions are covered under sections 80d, 80dd and 80ddb of the income tax act and are applicable to individuals and hindu undivided families. Given its wider applicability, section 80d is the.