Can any one help me in solving my problem ? The question is .... I got a problem in solving for 16 for assessment year 2012-13..  The Assessee has paid 2 nos of medical insurance premium such as : (1) Medical Insurance Parents..for  Rs. 44421/- & (2) Medical Insurance with a senior citizen for Rs. 47146/- . Now he claims Rs. 15000/- against the 1st and Rs.20000/- against the 2nd premium. so is it possible to afford him a total of Rs.35000/- as deduction U/s 80D. Plese reply...

Regards..

Smrutiranjan.

The maximum deduction available u/s 80D is Rs 30000 only. Not 35000/-.

The parents maybe senior citizens but the assessee will get deduction only as a resident indivisual. Hence maximum 30000/-

U/s 80D -Medical Insurance Premia, for a Sr. Citizen MAXIMUM of  20,000 can be claimed as deduction.

Agree with mr.prateek ....

PRATEEK JI is the amount of 30,000 allowed after recent amendment.

Please clarify. Because I read it to be max of 20000..

Assesse can claim only 30000/- u/s 80D.

yes....as per recent amendments.... for senior citizen the limit is20,000.....it is allowable rs. 35,000 under section 80 D....

YES, Mr.   Smrutiranjan ,  YOU CAN TAKE DEDUCTION U/S 80 D OF RS. 35000/-THROUGH REVISE RETURN.

Yes, u can claim total of Rs. 35000/- as deduction u/s 80D of the Income Tax Act, 1961

Dear Farzan..yes after recent amendment the limit of deduction u/s 80D is incresed to Rs 20000 for senior citizens and hence claimable.

Thus maximum deduction in this case shall be Rs 35000/- u/s 80D. I stand corrected.

Thank You