80D Ammendments
This query is : Resolved
27 March 2009
can an individual claim deduction u/s 80d up to Rs. 35000/40000 after ammendment [ Inculding sr. Parents deduction]
27 March 2009
Deduction u/s 80D is as follows for an individual
(1) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for individual him/herself, spouse and dependant children
and
(2) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for parents of individual.
SO INDIVIDUAL CAN CLAIM DEDUCTION UP TO RS 35000 (15000 +20000) OR RS 40000 (20000+ 20000)
(1) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for individual him/herself, spouse and dependant children
and
(2) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for parents of individual.
SO INDIVIDUAL CAN CLAIM DEDUCTION UP TO RS 35000 (15000 +20000) OR RS 40000 (20000+ 20000)
27 March 2009
Yes.
I agree with Mr.Manmohan.
But situation of 40000/- is practicable.
I agree with Mr.Manmohan.
But situation of 40000/- is practicable.
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