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.
A State Bank of India Scale 3 Manager's Form 16 showing an annual gross salary of Rs 35.24 lakh has ignited discussion on social media, with many highlighting that one-time benefits, taxes and deductions significantly reduce the monthly take-home income.
