30 April 2012
Till now, you were eligible to deduct Rs.15,000/- towards a health insurance premium for self, spouse and children under Sec.80D. Now, within this, 15,000/- you can spend 5000/- for a health check up. Even you can use this 5000 for parent’s health check up, because there is a 15,000 limit for them also under Sec. 80 D (20,000 for senior citizen).