80d mediclaim

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This query is : Resolved

Yajuvendra Rawat (Querist)

10 November 2013 Sirs & Friends,

One of my uncle has paid a premium on mediclaim policy

Rs. 18000 Self (Senior Citizen)
Rs. 12000 Spouse (Not a senior citizen)
Rs. 10000 Dependent Son

Rs. 7500 (Father) Senior Citizen
Rs. 18000 (Mother) Senior Citizen

How much deduction will he get

Best Regards,
Yajuvendra Rawat

Nikhil Kaushik

Nikhil Kaushik (Expert)

11 November 2013 Total claim shall be Rs 40,000. Rs 20000 under Section 80D (2)(a) and Rs 20000 under 80D(2)(b).

CA.Shubhneet Kaur

CA.Shubhneet Kaur (Expert)

11 November 2013 Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000. In case any of the persons specified above is a senior citizen (i.e. 65 years or more as of end of the year) and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000.
Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 15,000. In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 20,000.
Hence in your case: Basic 18000(self-senoir citizen)
Additional 20000(parents- senior citizen)

Nikhil Kaushik

Nikhil Kaushik (Expert)

11 November 2013 Dear Shubneet,

I respectfully disagree. The deduction shall be Rs 40,000. Secondly, the age limit has been reduced to 60 years.

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