Mutual funds have emerged as one of the most preferred investment avenues for long-term wealth creation, offering investors multiple ways to grow their money. Among the most popular investment strategies are Systematic Investment Plans (SIPs) and lump sum investments.
Senior citizens without a health insurance policy can still receive tax relief on medical expenses under Section 80D of the Income Tax Act. The provision allows eligible resident senior citizens to claim a deduction of up to ₹50,000 for medical expenditure incurred during the financial year.
