Additional Deduction U/S 80D for Parents Insurance
This query is : Resolved
05 April 2023
Hi Experts,
I am claiming deduction of Rs. 25000/- U/S 80D for Medical Insurance Paid for self and wife.
Now, Can I claim additional deduction of Rs. 25000/- of Medical Insurance payment for Parents. My parents are below age of 60.
I am claiming deduction of Rs. 25000/- U/S 80D for Medical Insurance Paid for self and wife.
Now, Can I claim additional deduction of Rs. 25000/- of Medical Insurance payment for Parents. My parents are below age of 60.
05 April 2023
Yes, eligible if paid through banking channel.
05 April 2023
Thank You sir.
Please confirm can my employer show this additional deduction in my Form 16A ? In other words, can employer claim this deduction at the time of TDS Calculation?
Please confirm can my employer show this additional deduction in my Form 16A ? In other words, can employer claim this deduction at the time of TDS Calculation?
05 April 2023
Employee should have claim the deductions in form 12BB.
Alternatively, he/she can claim it while filing ITR, but sometimes query being raised by ITD.
Alternatively, he/she can claim it while filing ITR, but sometimes query being raised by ITD.
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