Overall limit for Deduction U/s 80 D
This query is : Resolved
31 December 2008
Hi! All
I have some doubt agst. exemption limit under section 80 D
It is written in various books that the limit is Rs 15000/- P.a and Rs. 20000/- in case of senior citizens.
Please tell me if the assesse has separate insurance policies for himself and his parents, then can he claim separate deduction on the mediclaim policy of his parents. I saw in google search that the overall limit is Rs. 35000/-
Please clarify me in this doubt.
Thanks & Regards
Naveen Sharma
I have some doubt agst. exemption limit under section 80 D
It is written in various books that the limit is Rs 15000/- P.a and Rs. 20000/- in case of senior citizens.
Please tell me if the assesse has separate insurance policies for himself and his parents, then can he claim separate deduction on the mediclaim policy of his parents. I saw in google search that the overall limit is Rs. 35000/-
Please clarify me in this doubt.
Thanks & Regards
Naveen Sharma
31 December 2008
Yes from A.Y. 2009-10, there is a change in section 80D.
Now you will allowed deduction in respect of yourself, spouse and dependent childen for Rs. 15000 and addtional 5000 in case of senoir citizen.
+
In respect of your parents 15000 and addional 5000 in case of sr. citizen.
Now you will allowed deduction in respect of yourself, spouse and dependent childen for Rs. 15000 and addtional 5000 in case of senoir citizen.
+
In respect of your parents 15000 and addional 5000 in case of sr. citizen.
05 January 2009
Thanx Sir! You have cleared my doubt.
Thanx agains
Naveen Sharma
Thanx agains
Naveen Sharma
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