23 July 2009
what is the maximum deduction u/s 80D in the following cases: 1. when policy taken for spouse and dependent children. 2. when policy taken for {A}.dependent parents {B}. independent parents. 3. when policy is taken for spouse childrens and parents togather.
24 July 2009
In first case the maximum deduction is Rs. 15,000/-.
In second case (a) dependent parents + senior citizen = Rs. 20,000/- (b) dependent parents + non-senior citizen = Rs. 15,000/-. (c) For independent parents = same as dependent parents w.e.f. from 1.4.2009. prior to that no deduction for independent parents.
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