I have developed a python toolbox (.pyt) with a couple of scripts as individual tools. I would like to develop Help or tool descriptions for each of the tools, so that when a user clicks on any parameter on the tools, the right side of the tool window gives out a description/explanation of the parameter just like a default ArcGIS tool displays (shown in the picture below).

How can I achieve this same functionality in my custom toolbox scripts? I know how to do it through ArcCatalog, but I want to achieve this within the script itself.
Thanks