Auto Income Tax Calculator by B.P.

Choudhary (Tax Consult

Calculate your Tax in Just 5 Minutes

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8. TAX RULES & OTHER USEFUL INFORMATION

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 Auto Income Tax Calculator by B.P.Choudhary (Tax Consultant)
Calculate your Tax in Just 5 Minutes
Latest Modified Version 5.1 for the Financial year 2010- 11, ASSESSMENT YEAR 201
brief detail of deduction u/s 80C. 80D, Agricultural Income.

Hello-Dears- I am Bijender Pal Choudhary. Prepared this Auto Tax Calculator for common p
calculator may help you to calculate the estimated tax payable by you. If you find any inconsistenc
or amendments, please let me know, I will try to fix it at the earliest Please send a detailed e-mail at
bpchoudhary@gmail.com
REGARD - B.P.CHOUDHARY, 1577 SECTOR - 5, R.K.PURAM, NEW DELHI-110022 Ph : 9811302497,
This Calculator will be used to compute the Tax for Common individuals.
Easy to understand & similar as form 16.
You can Calculate your Income Tax in Calculation Sheet & print the Working Sheet.
Once you enter the amount in the blank cells. Other cells in Calculation & Computation Sheets will calculate data & Tax automatically.
Follow the Tax Rules & Informations (where applicable). Following ready reaconer is for your reference. For instruction move cursor on cel
Some Exempted Receipts / allowances
Some Exempted Income ( to be shown while Return filing)
T A X R U L E S & O T H E R U S E F U L I N F O R M A T I O N S for
HRA exemption
Transport allowance
Reimbursement of Medical bills
u/s(5) LTA is exempt
u/s 24 Exemption for interest on housing loan.
u/s 80C Maximum exemption
u/s 80D Medical Insurance
u/s 80DD Deduction in respect of medical treatment of handicapped dependents
u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases
u/s 80E Interest repayment on education loan
u/s 80G Donations given for certain charities
u/s 80GG If you are not getting HRA, but living in rented house,
u/s 80U If you have a permanent physical disability
KNOW MORE about DEDUCTION under Section 80-C
Qualifying Investments u/s 80C
Provident Fund (PF) & Voluntary Provident Fund (VPF)
Life Insurance Premiums
Unit linked Insurance Plan : ULIP
Public Provident Fund (PPF):
National Savings Certificate (NSC):
Home Loan Principal Repayment:
Tuition fees for 2 children
Equity Linked Savings Scheme (ELSS)
5-Yr bank fixed deposits (FDs) or 5-Yr post office time deposit (POTD)
Pension Funds or Pension Policies
Stamp Duty and Registration Charges for a home:
Infrastructure Bonds: NABARD rural bonds:
Senior Citizen Savings Scheme 2004 (SCSS)
I M P O R T A N T - A D V I S ES

Some Exempted Receipts / allowances are

1. Medical Reimbursement (Max Rs.15000/- Per annum) 2. L.T.A (as per Rule)
3. Uniform Allowance (to meet the expenditure incurred on purchase or maintenance of uniform for Official Duty
 4. Entertainment allowance (for Govt Employees) Max 5000/-
5. Academic Allowance (for encouraging academic, research & training pursuits) including Newspaper etc.
6. Children Education Allowance (Rs.100 P.M. per Child / (Rs.300 for Hostel Expenditure) Max of 2 Children)
Some Exempted Income are ( to be shown while Return filing)
1. Withdrawal / Maturity received from PF,PPF,Insurance Co., Agriculture. (Max up to 5000/- )
2 Long Term Capital Gain
3 Dividend on shares in companies
4. Interest on Post Office & PPF A/C
Please Note :
(i) Interest earned from all sources is to be included. All interest (including saving Bank A/C, FD) income is fully taxable.
(II) As per clarification from IT department, all perquisites such as rent-free accommodation, company provided car, free or concess
facilities, employee stock option plan, free club membership, company provided credit card, gift vouchers, meal coupons, hotel sta
are fully taxable.
8. TAX RULES & OTHER USEFUL INFORMATION
HRA exemption = minimum of (40% (50% for metros) of Basic+DA or HRA or rent paid - 10% of Basic+DA)
Transport allowance is exempt up to Rs.800/- per month provided the person is in India during the month. For people having permanent phy
exemption is Rs.1,600/- per month
Reimbursement of Medical bills are exempt for self and dependent family, up to Rs.15,000/- per annum
u/s(5) LTA is exempt to the tune of economy class Train/ Air /Recognised public Transport fare for the family to any destination in India, by t
LTA can be claimed twice in a block of 4 calendar years. The current block is from 01.01.2010 to 31.12.2013. For claim, it is must to provide o
u/s 24 There is an Exemption for interest on housing loan.(for Self occupied Residence). If the loan was taken before Apr 1, 1999 exempt
Rs.30,000/- per year. If the loan was taken after Apr 1, 1999 exemption is limited to Rs.1,50,000/- per year if the house is self-occupied; Ther
house is rented out
This exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of whether you've pa
If you have rented out your house, enter the total income / loss from the house (after deducting property tax and standard maintenance exp
u/s 80C Maximum exemption up to Rs. 120000/- Investments up to 1 lac in PF, VPF, PPF, Insurance Premium, Housing loan principal repa
long term bank Fixed Deposit, Post Office Term Deposit, etc. are deductible from the taxable income. There is no limit on individual items, (fo
can be invested in NSC, . The only exception is PPF where the maximum investment is limited to Rs.70,000/-. An additional Rs.20,000/- can
term infrastructure bonds,
u/s 80D Medical Insurance (such as Mediclaim & Critical illness Cover) premium is exempt up to Rs. 30,000/ per year (Rs 15,000/- for self,sp
(Rs. 15000/- for Parents. If the premium includes for a dependent who is (Senior Citizen) above 65 years of age, an extra Rs.5,000//- can be c

u/s 80DD Deduction in respect of medical treatment of handicapped dependents is limited to Rs.75,000/- per year if the disability is less
Rs.1,00,000/- per year if the disability is more than 80%
u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can be claimed u
year. If the person being treated is a senior citizen, the exemption can go up to Rs.60,000/-. but any amount received under Medical Insur
reduced from the amount of deduction allowed. The Diseases and ailments specified under rule 11DD are. (1)neurological diseases being
musculorum deformans, motor neuron disease, ataxia, chorea, hemiballismus, aphasia and parkisons disease, (2) cancer, (3) AIDS, (4)Chron
hemophilia, and (6) thalassaemia.
u/s 80E Interest repayment on education loan (taken for higher education from a university of self & dependents) is completely tax exempt
u/s 80G Donations given for certain charities are tax exempt. Some are exempt to the tune of 50%, whereas others are 100%.
u/s 80GG If you are not getting HRA, but living in rented house, an exemption is available. This will be calculated as minimum of (25% of tota
- 10% of total income or Rs.24,000/- per year)
u/s 80U If you
Section 80Chave a permanent
of the physical
Income Tax disability
Act allows (including
certain blindness), and
investments you can take an exemption
expenditure (subjectfrom
to be deduct to maximum of Rs.75,000/-
total income. One m p
KNOW MORE
investments about
well and DEDUCTION
spread under
it out across the Section
various 80-C
instruments specified under this section to avail maximum tax benefit. Th
limits and is irrespective of how much you earn and under which tax bracket you fall. Most of the Income Tax payee try to save
under Section 80C of the Income Tax Act. However, it is important to know the Section in total. so that one can make best use
available for deduction under income tax Act. One important point to note that one can not only save tax by undertaking the sp
investments, but some expenditure which you normally incur can also give you the tax exemptions.

Qualifying Investments u/s 80C are

Provident Fund (PF) & Voluntary Provident Fund (VPF) PF is automatically deducted from your salary. your contribution [12
employee’s contribution) is counted towards section 80C investments. You also have the option to contribute additional amoun
voluntary contributions (VPF). Current rate of interest is 8.5% per annum (p.a.) and is tax-free.
Life Insurance Premiums: Any amount that you pay towards life insurance premium in Life Insurance Corporation (LIC) or an
CO.for yourself, your spouse or your children can also be included in Section 80C deduction. If you are paying premium for mo
insurance policy, all the premiums will be included. also premium paid for ULIP will also be treated as Premium paid for Life Ins
Unit linked Insurance Plan : ULIP stands for Unit linked Saving Schemes. ULIPs cover Life insurance with benefits of equity i
have attracted the attention of investors and tax-savers not only because they help us save tax but they also perform well to giv
in the long-term.
IMP : Total
Public AmountFund
Provident Received
(PPF):atAmong
Maturity,
allSurvival Benefits,
the assured returns, Withdrawl in Insurance
small saving schemes,Policies is Tax Free
Public Provident and(PPF)
Fund fully exempteed
is one of thu
rate of interest is 8% tax-free and the normal maturity period is 15 years. Minimum amount of contribution is Rs 500 and maxim

National Savings Certificate (NSC): National Savings Certificate (NSC) is a 6-Yr small savings instrument eligible for section
Rate of interest is 8% compounded half-yearly, i.e., the effective annual rate of interest is 8.16%. If you invest Rs 1,000, it beco
six years. The interest accrued every year is liable to tax (i.e., to be included in your taxable income) but the interest is also dee
reinvested
Home Loan and thus eligible
Principal for section
Repayment: 80C
The deduction.
Equated Monthly Installment (EMI) that you pay every month to repay your home loan
components – Principal and Interest.The principal component of the EMI qualifies for deduction under Sec 80C. Even the inte
can savefees
Tuition youfor
significant income
2 children Aparttax – but
form thethat would
above be under
major Sectionexpenses
investments 24 of thefor
Income Tax Act.
children’s education (Only Tution Fee (for w
receipts)), can be claimed as deductions under Sec 80C.

Equity Linked Savings Scheme (ELSS): There are some mutual fund (MF) schemes specially created for offering you tax sav
are called Equity Linked Savings Scheme, or ELSS. The investments that you make in ELSS are eligible for deduction under S

5-Yr bank fixed deposits (FDs): Tax-saving fixed deposits (FDs) of scheduled banks with tenure of 5 years are also entitled fo
deduction. 5-Yr post office time deposit (POTD) scheme: POTDs are similar to bank fixed deposits. Although available for va
like one year,
Pension Fundstwooryear, three Policies
Pension year and–five year, 80CCC:
Section only 5-YrThis
post-office
section time
– Secdeposit
80CCC(POTD) – which
– stipulates thatcurrently offers 7.5
an investment per cent
in pension
qualifies for tax saving under section 80C. Effective rate works out to be 7.71% per annum (p.a.) as the rate of
deduction from your income. Section 80CCC investment limit is clubbed with the limit of Section 80C – it maeans that the interest is comp
total
but paid annually. The Interest is entirely taxable.
for 80CCC and 80C is Rs. 1 Lakh.This also means that your investment in pension funds upto Rs. 1 Lakh can be claimed as de
80CCC. However, as mentioned earlier, the total deduction u/s 80C and 80CCC can not exceed Rs. 1 Lakh.

Stamp Duty and Registration Charges for a home: The amount you pay as stamp duty when you buy a house, and the amo
registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the hous

Infrastructure Bonds: These are also popularly called Infra Bonds. These are issued by infrastructure companies, and not the
amount that you invest in these bonds can also be included in Sec 80C deductions.
NABARD rural bonds: There are two types of Bonds issued by NABARD (National Bank for Agriculture and Rural Developme
Rural Bonds and Bhavishya Nirman Bonds (BNB). Out of these two, only NABARD Rural Bonds qualify under section 80C.
Senior Citizen Savings Scheme 2004 (SCSS): A recent addition to section 80C list, Senior Citizen Savings Scheme (SCSS)
lucrative scheme among all the small savings schemes but is meant only for senior citizens. Current rate of interest is 9% per a
quarterly. Please note that the interest is payable quarterly instead of compounded quarterly. Thus, unclaimed interest on these
earn any further interest. Interest income is chargeable to tax.

Mostly people gives estimated declaration at year starting to minimise their Tax Liabilities but could not save up to la
I M P O R T A N T - A D V I S ES
burden in last months. Many of us start looking for investment avenues only in February or March, just before the Fina
getting over. This is a big mistake! One, you would end up investing your money without putting proper thought to it.
you would end up losing the interest / appreciation for the whole year. Instead, decide where you want to make the inv
start investing right from the beginning of the financial year – from April. so it is advisable to save from start on month
Bank ECS as a SAP . This way, you would not only make informed decisions, but would also earn the interest for the f
April to March.

Pls. get in touch with me for Tax saving schemes to mininimize your Tax liabilities. I am providing consulta
assessment and good Customise Security & investment Plans .
HOW TO GET AN UPDATE
This tax calculator constantly gets updated to fix errors found as well as to add new features
This may also be changed when there are changes in tax rules that affect income tax computation
You can send an e-mail for the current version of tax calculator, within a day or two. Once you send a request for our calculator. In
you an updated version autimatically.whenever I update,
I PROVIDE SERVICES FOR
TAX ASSESSMENT(CALCULATION)
IT RETURNS
 PAN CARD
CUSTOMISED SAVINGS / INVESTMENTS / INURANCE SOLUTIONS (LIFE/ NON
CALL M E F O R P R E S E N T A T I O N : B. P. C H O U D A R Y P h : 9 8 1 1 3 0 2 4 9 7, 9 2 1 1 1 2 5 5 8 7 o
1577 SECTOR-5 R.K.PURAM NEW DELHI-110022
WORKING SHEET OF INCOME TAX D.O.B Tax Calculator2010-11 '!B7
for the Financial Yr 2010-10, Assessment yr 2011-12SEX - MALE
NAME : PAN

PHONE :

ADDRESS : Email id-

1. Gross Annual Income/Salary 0
2. Less: Allowances exempt u/s 10 0
(I) H.R.A. exemption 0
(II) Conveyance allowances 0
(iii) Professional Tax 0
( iv) Any Other Exempted Receipts/ Allowances 0
3. Income under the head salaries 0
4. Add: Any other income from other sources 0
1. Interest received from following Investments
a. Bank (Saving /FD /Rec ) 0
b. N.S.C. (accrued/ Recd ) 0

c. Post Office M.I.S (6 yrs.) 0

d. Post Office Recurring Deposit (5 yrs.) 0
e. Term Deposit (1 to 5 yrs.) 0
f. Saving Bonds (6yrs.) 0
g. Kishan Vikas patra 0
2. Any Other Income 0
3. Any Other Income 0
5. Income from house property 0
6. Gross Total Income 0
7. Less: Deduction under chapter VI A -2
a. Less: Deduction under Sec 80C 0
1. PF & VPF Contribution 0
2. Life Insurance premiums 0
3. PPF a/c Contribution 0
4. N.S.C (Investment +accrued Int first five year) 0
5. Housing. Loan (Principal Repayment ) 0
6. Tuition fees for 2 children 0
7. E.L.S.S ( Mutual Fund ) 0
8. FD (5 Years and above) 0
9. 80 ccc Pension Plan 0
10. Tax Savings Infrastructure Bonds (Max up to 20,000) 0
b 1. u/s 80 D Medical Insurance premiums (for Self ) 0
b 2. 80 D Medical Insurance premiums (for Parents) 0 ###
c. u/s 80 E Int Paid on Education Loan 0
d. u/s 80G Donation to approved fund 0
e. Any other Deduction U/S 80 A-U 0
8. Total Income -2
9. Total Taxable Income (Round off to nearest 10 rupees) 0
10. Tax on Total Income 0
11. Add; Edn Cess @ 3% 0
12. Total Tax Payable 0
13. Tax Deduction at Source 0
14. Balance Tax Refundable 0
 Income Tax treatment / Taxability of Agricultural Income
Agricultural Income

What does the term Agricultural Income mean?

Certain points have to be kept in mind: In order to consider an income as agricultural income

Certain income which is treated as Agriculture Income -

Certain income which is not treated as Agricultural Income;

Certain points to be remembered;

UNDERSTAND TAX CALULATION WITH AGRICULTURE INCOME with 2 examples

Agricultural Income :Agriculture income is exempt under the Indian Income Tax Act.u/s 10 (1)This means that
agricultural operations is not taxed. However while computing tax on non-agricultural income agricultural income is also taken
What does the term Agricultural Income mean? As per Income Tax Act income earned from any of the under given three so
Agricultural Income; (i) Any rent received from land which is used for agricultural purpose: Assessees do not have to pay tax
from agricultural land. Such land should, of course, be assessed to land revenue in the country or be subject to a local rate. Fu
direct link between the agricultural land and the receipt of income by way of rent or other revenue (for instance, a landlord coul
a tenant). (ii) Any income derived from such land by agricultural operations including processing of agricultural produce, raised
kind so as to render it fit for the market, or sale of such produce. iii) Income attributable to a farm house subject to the conditio
situated on or in the immediate vicinity of the land and is used as a dwelling house, store house etc. Income from such farm ho
agricultural income. The definition of `farm houses’ covers buildings owned and occupied by both cultivators of agricultural land
receive rent or revenue from agricultural land. The sole purpose of such farmhouses should be for use as dwellings for the cult
houses. Normally, the annual value of a building is taxable as `income from house property’. However, in the case of a farm ho
would be deemed agricultural income and would, thus, be exempt from tax.

In order to consider an income as agricultural income certain points have to be kept in mind: (i) There must me a land.
used for agricultural operations:-

Certain income which is treated as Agriculture Income -

(a) Income from sale of replanted trees.
(b) Rent received for agricultural land.
(c) Income from growing flowers and creepers.
(d) Share of profit of a partner from a firm engaged in agricultural operations.
(e) Interest on capital received by a partner from a firm engaged in agricultural operations.
(f) Income derived from sale of seeds.
(g) Income from sapling or seedings grown in nursery

Certain income which is not treated as Agricultural Income;

(a) Income from poultry farming.
(b) Income from bee hiving.
(c) Income from sale of spontaneously grown trees.
(d) Income from dairy farming.
(e) Purchase of standing crop.
(f) Dividend paid by a company out of its agriculture income.
(g) Income of salt produced by flooding the land with sea water.
(h) Royalty income from mines.
(i) Income from butter and cheese making.
(j) Receipts from TV serial shooting in farm house is
income.

Certain points to be remembered;

(a) Agricultural income is considered for rate purpose while computing tax of Individual/HUF/AOP/BOI/Artificial Judicial Perso
(b) Losses from agricultural operations could be carried forward and set off with agricultural income of next eight assessment
(c) Agriculture income is computed same as business income.
UNDERSTAND TAX CALULATION WITH AGRICULTURE INCOME
Although agricultural income is not taxable, it must be included with non-agricultural income in the case of Individual assessee
prescribed slab rates. EX-1 Take the case of Mr.B.P.Choudhary, who earned an agricultural income of Rs 1,50,000 and non-ag
Rs 2 lakh during the year ended March 31, 2011. Mr.Choudhary’s tax liability is to be calculated as follows:
(a) Agricultural income (Rs 1,50,000) plus non-agricultural income (Rs 2 lakh) = Rs 3.5 lakh.
(b) Income tax on Rs 3.5 lakh = Rs 19,000
(c) Tax on agricultural income of Rs 1,50,000 plus basic exemption of Rs 1.60,000 = Rs 15,000.
(d) Tax payable = (b) – (c) = Rs 4,000/-
Mr. Choudhary would have ended up paying Rs 4,000 in taxes on a non-agricultural income of Rs 2 lakh if it wasn’t for t
inclusion of agricultural income for rate purposes. Following the inclusion clause, he nednot pays an additional tax on non-agric
EX-2 I have business income of Rs 4,00,000 and agricultural income of Rs 2,50,000. These figures relate to the Financial year
tax liability be computed?
Agricultural income is exempt under Section 10(1) of the Act so long as the income is derived from agricultural land situated i
however, included merely for rate purposes and rebate is allowed on the same in accordance with the Finance Act. No Tax is
of an individual do not exceed 1,50,000/- . The inclusion of agricultural income for rate purposes is only required where the to
1,50,000.
PARTICULARS RUPEES
Business Income
4,00,000/-
Agricultural Income
2,50,000/-
Income Including Agricultural Income
6,50,000/-
Tax on 6,50,000/-
64,000/-
Less: Rebate on Agricultural Income
(Tax on 2,50,000+1,60,000 being basic Exemption)
25,000/-
Net Tax Payable
Add: Education Cess 3%
1,170/-
Total tax Payable
 Deduction u/s 80D for Mediclaim Premium available to Individual, and Se

Deduction in respect of Medical Insurance Premium (Mediclaim / Critical illness) paid to keep in force insurance by ind
own health or on the health of spouse, dependent parents and children.

A Mediclaim policy is a must because you or your family Member should fall sick or meet with an accident, your medical bills co
savings. So It is the only tool to protect. against heavy financial burden for treatment in hospitals
For Inquire about MEDICLAIM POLICY from National Insurance - mail me at - bpchoudhary@gmail.com
Informations about Mediclaim policy
1. Premium based on Age:
2. Who can take the Policy
3. Cover Age
4. How much Sum Insured can be taken ?
5. Deduction from Total Taxable Income
6. Partly contribution can be benefitted
7. Which Policies Premium is allowed?
8. What is the eligible amount of the deduction u/s 80 D ?
9. INDIVIDUAL MEDICLAIM POLICY from National Insurance Company Limited
10. what are the SALIENT FEATURES of Individual Mediclaim policy?
11. what are the PREMIUMS (as per sum insured & age group)?
12. Floater mediclaim Policy (PARIVAR) from National Insurance Company Limited
13. SALIENT FEATURES of PARIVAR (floater) Mediclaim policy?
14. PARIVAR Mediclaim policy Premium up to Age 35 Years
15 PARIVAR Mediclaim policy Premium for 36 to 45 years
16 PARIVAR Mediclaim policy Premium for 46 to 50 years
17.Premium
1. PARIVARbasedMediclaim policy
on Age: Premium
- The premiumfor rates
51 to will
55 years
vary among the insurers and will also depend on your age. The older you
premium.
18. PARIVARFor example,
MediclaimMediclaim policy from
policy Premium for 56General Insurance Corporation has a fixed premium till 35 years and then it chan
to 60 years

2. Who can take the Policy: - Individual (resident or non resident, Indian Citizen or foreign citizen):- In case an individual is tak
medical insurance policy can be taken in the name of any of the following: the taxpayer or the spouse, parents or dependent ch
taxpayer. Note - parents need not be dependent on the Assessee,.parents of Individual or Spouse both are covered.

3. Cover Age: This insurance is available to a person between the age of 18 to 59 years. However, the Policy can be renewed
years. Children above the age of 3 months can be covered with the parents. male child can be covered up to the age of 25 yea
be covered up to the time, she is unmarried.
4. Sum Insured: Minimum sum insured shall be Rs 50,000/- and can be increased in multiples of Rs 25,000/-up to Rs 5 lacs.
5. Deduction from Total Income: - In addition to deduction u/s, 80C, This is an additional deduction available over 1,20,000.
6. Partly contribution: If part payment is done by you and part payment by the Spouse / parent, both can claim deduction to th
contribution subject to maximum allowed but amount should be paid directly to insurance company and paid through mode oth
7. Which Policies Premium is allowed? : - Mediclaim premium paid under Medical insurance scheme of General Insurance's
by the Central Government, or any other insurer approved by the Insurance Regulatory & Development Authority (IRDA). Or C
Health Insurance by Life Insurance's Companies.

8. What is the eligible amount of the deduction?

Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000.Premium pa
Maximum deduction Rs 15,000. In case any of the persons is a senior citizen (i.e. 65 years or more as of end of the year) and
premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000.

NATIONAL INSURANCE COMPANY LTD.

1. INDIVIDUAL MEDICLAIM POLICY
Provides protection to individuals, families, employers, employees against heavy financial burden for treatment in hos
disease accident, whether involving surgery or not.
With Tax Saving other than saving of 80C (1, 20,000)
1. SALIENT FEATURES
Ø  The policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury sustained.
Ø  Pre & Post hospitalization expenses incurred 30 days before & 60 days after hospitalisation are reimbursed.
Ø  Photo identification card for cashless medical benefits over networked hospitals across the country or reimburs
 Ø  NO Medical Tests required up to 50 years.
Ø  Family Discount - 10% in the total premium allowed when insured & any one or more member are covered.
Ø  Cumulative Bonus: Sum insured shall be progressively increased by 5% in each claim free year up to 50%.
Ø  Reimbursement of cost of medical checkup (up to 1% of the average Sum Insured).
Ø  Tax Benefits - Under Sec 80D.
Ø  Sum Insured Rs 50,000/- up to Rs 5 lacs.
Ø  TPA option: The premium includes cashless facility through TPA. If the policyholder does not require Cashless fac
2. PREMIUMS (as per sum insured & age group)

NATIONAL INSURANCE COMPANY LTD.

2. PARIVAR – ( FLOATER ) MEDICLAIM for FAMILIES
This is a Family Floater Health Insurance Policy, Entire family is covered under single Sum Insured. (Family means Self, Sp
children up to an age of 25 years.) [Parents are not covered]
The Policy covers reimbursement of Hospitalisation expenses for illness/diseases contracted or injury. In the event o
admissible under the policy, the Company either pays to the Hospital/Nursing Home through TPA or directly to the ins
not availed by the insured.
1. SALIENT
The FEATURES
policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury

Pre & Post hospitalization Medical expenses incurred 15 days before & 30 days after hospitalisation are also reimbursed.
      Photo identification card for cashless medical benefits over networked hospitals across the country or reimburseme
       Age- Persons between the ages of 3 months to 60 years are eligible.
       NO Medical Tests required up to 60years.
      Pre-Existing Diseases will be covered after 4 continuous Claim free year.
      Hospitalisation expenses of person donating organ during the course of Organ Transplant are also covered
      Tax Benefits - Under Sec 80D. Premium given by you will be fully deducted from Taxable Income.
       Sum Insured Rs 2Lacs to Rs 5 Lacs.
       In case any member of the family is suffering from hypertension or diabetes, will be covered after paying10% extra prem
       In case any member of the family is suffering from hypertension and diabetes, will be covered after paying 25% extra pr
 Premium Chart
Up to 35 years

36 to 45 years

46 to 50 years

51 to 55 years

56 to 60 years
NOTE: - Service Tax 10.03% of the premium to be added

For Inquire about MEDICLAIM POLICY from National Insurance - contact me at - bpchoudhary@gmail.com ph: 9811302
talisation expenses.
count on premium

ation expenses.

al premium.
otal premium.