80d
This query is : Resolved
22 January 2016
What is limit for section 80D for Current Financial Year 2015-16?
22 January 2016
https://taxguru.in/income-tax/income-tax-deduction-for-medical-insurance.html
Message likes :
1 times
04 October 2021
For Individual
Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 25,000 . In case any of the persons specified above is a senior citizen and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 30,000 (Rs. 50,000/- from A.Y. 2019-20).
Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 25,000 . In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 30,000 (Rs.50,000 from A.Y. 2019-20).
Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 25,000 . In case any of the persons specified above is a senior citizen and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 30,000 (Rs. 50,000/- from A.Y. 2019-20).
Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 25,000 . In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 30,000 (Rs.50,000 from A.Y. 2019-20).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
