Tax Day 2024 Tips India. This day commemorates the historical evolution of tax administration in india and the. Section 80d offers tax deduction of up to rs 25,000 on health insurance premiums paid for self, wife and kids, and another rs 25,000 for parents (up to rs.

A steady transformation has been happening at india’s tax administration over the last 10 years, preparing india for its ‘amrit kaal’. Income tax day is observed on july 24.