Income Limit For Medical 2024 In India.  — this also covers the medical expenditure incurred by senior citizens. Seniors can avail of tax benefits of up to rs 50,000 on medical insurance payments under section 80d of the income tax.

This limit is to be computed for every bank individually. According to section 80d of the income tax act, senior citizens may avail a higher deduction of up to ₹ 50,000 for payment of premium towards medical insurance policy.