Individuals investing in health insurance for self, spouse and dependent children can avail annual tax deductions of ₹25,000.Individuals investing in health insurance policies for self, spouse children and dependant parents below 60 years of age can avail further deductions of ₹25,000 + ₹25,000 = ₹50,000.Individuals with parents above 60 years of age (senior citizens) can avail deductions of ₹25,000 + ₹50,000 = ₹75,000 per annum.In case both, the individual buying the health insurance for parents is also above 60 years, then such an investor can avail tax deductions of ₹100,000 per annum on health insurance premiums.Health insurance investments for members of HUFs … [Read more...] about Health Insurance Section 80D: Get a Complete Guide on Section 80D Health Insurance
This will majorly impact overseas investment as about 40 percent of the FPIs will fall under the higher tax bracket as they invest in Indian markets as a non-corporate entity such as trust or association of persons (AOPs), which under the Income Tax law are classified as an individual for the purpose of taxation. … [Read more...] about FPIs pumped in Rs 2,596 crore in June – here’s a look at their shopping list
Also, the law says, "An adult earning member (irrespective of marital status) can be treated as a separate household, provided that he/she does not own a pucca (an all-weather dwelling unit) house in his / her name in any part of India." Which means that even if children (be it married or unmarried) are staying with their parents in a house owned by the parents (or on rent, in the same or another city), they can opt for PMAY scheme benefits provided they are earning and don't own any other home. A married couple living on rent -- even if their parents own a house -- will come under the eligible category as they will be treated as a separate household. But, the PMAY benefits will be extended to only one of them of the both together (as a joint-ownership). … [Read more...] about PMAY Subsidy: Learn How PMAY Subsidy Make Home Loan Cost Effective
As part of the AmeriSpeak Spotlight on Health survey series from the National Opinion Research Center (NORC) at the University of Chicago, researchers polled a nationally representative sample of 1,020 people across the country about their participation with medical-related crowdfunding projects. Though there have been plenty of news articles about such crowdfunding campaigns on sites such as GoFundMe, Susan Cahn, senior research scientist at NORC, says that there hasn’t yet been a national survey asking how many people have created or contributed to these kinds of campaigns. … [Read more...] about 50 million Americans have helped crowdfund someone’s medical bills
Enter AI Theoretically, this is where artificial intelligence can step in. Lots of startups and large tech companies are working on software that will make sense of all the various data inputs. The idea is that AI will analyze patient data and offer suggestions for diagnosis or treatment. But Madara warned that healthcare providers should be sure to understand what artificial intelligence can and cannot do before employing it, because so often the technology is a black box. He described an algorithm designed to look at x-rays showing lung disease and determine which patients needed more care. It was able to make the distinction, but it wasn’t always making determinations based on the health data itself. A review of the algorithm found it was also analyzing whether the x-ray was taken on a portable x-ray or one in a radiology suite. “All it had to know is that the patient was sick enough that they couldn’t be transported,” Madara said. … [Read more...] about Can high-tech capitalism fix the healthcare industry?