Section 27B: Relief for medical or health insurance premium

27B. Relief for medical or health insurance premium (1) Subject to this section, every person shall, in an income year, be entitled to deduct from his net income the actual amount paid in that income year as— (a) premium in respect of a medical or health insurance policy contracted for himself and his dependent for whom he has claimed a deduction under section 27; or (b) contribution to an approved provident fund which has as its main object the provision for medical expenses of himself and his dependent in respect of whom he has claimed a deduction under section 27. (2) The relief under subsection (1) shall not exceed the amount specified in column 2 in Part II of the Third Schedule corresponding to the category specified in column 1 of that Schedule. I5 – 29 [Issue 9] Income Tax Act (3) No relief under subsection (1) shall be allowed where—(cid:3) (a) the premium or contribution has been paid by the employer of the person; or (b) the premium is paid under a combined medical and life assurance scheme. [S. 27B inserted by s. 12 (b) of Act 26 of 2012 w.e.f. 1 January 2013 in respect of the income year commencing on 1 January 2013 and in respect of every subsequent income year; s. 9 (d) of Act 26 of 2013 w.e.f. 1 January 2014 in respect of the income year commencing on 1 January 2014 and in respect of every subsequent income year.]