5 Ways Salaried Women Can Plan Their Taxes
BANGALORE: In India, for ages women have allowed other members of her family -- like her father, brother or husband, to take important decisions of her life. Even their financial decisions are taken by their male family members. However, this is changing fast as women are increasingly stepping beyond the boundaries of the house to make an independent career for themselves.
As more and more women are climbing the professional ladder, they are also equipping themselves with the required financial knowledge that will help them to manage their finances on their own. With the correct financial knowledge, it is easy for an average woman to handle her money matters independently.
Let’s have a quick look at how salaried women can plan their taxes:
1. Make use of Section 80D
First let's begin with discussing Section 80D, which allows deduction from taxable income for paying health insurance premium up to 
20,000 pa. Health insurance is a basic need of every individual and more so for salaried women unless they are covered by their employers for any medial uncertainties.
Every salaried woman must go for health insurance policy for a suitable amount and the ideal amount is 5 lakh. If the employer is providing health insurance benefits and if the extent is only Rs 1.lakh – 2 lakh, even then it is advisable for salaried women to take additional health insurance policy so that the total coverage goes up to 5 lakh. And also if they have dependents like children, parents, then it is advisable to go for a family floater plan where the medical treatment of dependent parents and children is also included. Otherwise unforeseen medical expenses can finish the life-long savings. So it is very important that dependent parents and children are also covered in the health insurance policy by salaried women.
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