80d

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2012 Hi,

An employee paid Rs. 43000/- for mediclaim policy as below

1. Rs. 15000/- for self and spouse and kids
2. Rs. 30000/- for dependent father and mother who are senior citizen.

what is the exemptioin to be given either 40000/- or 35000?

please advise
regardes
Nag

aadish

aadish (Expert)
Follow

27 July 2012 Dear

15000 is allowable for First Point
and Maximum 20000 for second point.

Total 35000 is allowable.

Hoe your Query is Resolved

CA Prashant Gupta

CA Prashant Gupta (Expert)
Follow

27 July 2012 in 80 D. individual can claim 15000/- for mediclaim for himself, spouse and children. He can claim more 15000/- for his parents but if parents are senior citizen then additional 5000 will be allowed. so in your case 15000/- + 20000 (for parents) = 35000 deduction