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Deduction u/s 80d mediclaim policy for parents

27 July 2015

I have a mediclaim policy for myself, wife and my daughter for which I take rebate u/s 80D. I have also taken a mediclaim policy for my parents only and I am paying the premium. My parent don't claim any rebate u/s 80D. Can I take rebate u/s 80D for this policy also.

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9 Replies

Mehul Bhanushali (CA in Practice) (174 Points)
Replied 27 July 2015

Yes you can only if your parents are dependent on you.

1 Like

subhash kumar jha (PROFESSION) (445 Points)
Replied 27 July 2015

yes upto 25000/30000 as the case may be.

1 Like

Rajagopalakrishnan R (PARTNER) (1417 Points)
Replied 27 July 2015

Yes an additional 15000/- is available for parents

1 Like

subhash kumar jha (PROFESSION) (445 Points)
Replied 27 July 2015

15000 has been increased to 25000 in finance act 2015.

1 Like

subhash kumar jha (PROFESSION) (445 Points)
Replied 27 July 2015

wheather parents are dependent or not doesn't matter . u will get deduction u/s 80D of IT act upto 25000 or 30000 if senior citizen.

1 Like

Rajesh Kumar Gupta (Senior Divisional Manager) (714 Points)
Replied 27 July 2015

Deduction up to 25000(fy-2015-16) for policy on the lives of you and your spouse and children. Further a deduction upto 30000 on the lives of your parents. Total 55000 (2015-16) onwards. (35000-15000+20000) upto 2014-15.

1 Like

Karn Veer (CMA) (26 Points)
Replied 28 July 2015

Yes..you can take deduction.

1 Like

Tarun (AM) (216 Points)
Replied 28 July 2015

Hey Vishwajeet, U can take deduction for the same. There is no requirement for parents in senior citizen category to be dependent for availing deduction U/S 80D

1 Like

SHASHANK KUMAR (w) (70 Points)
Replied 28 July 2015

Can any one guide me relief u/s 89. Whther the relief is combined of Annexure I (Salary in arrear) & II (Gratuity) or any one is taken while claiming.? Please help me out.