Additional Deduction U/S 80D for Parents Insurance

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You can claim an additional deduction of up to £25,000 under Section 80D for medical insurance paid for your parents, provided they are under 60 years old and the payment is made via banking channels. To ensure this deduction is reflected correctly, you should claim it using Form 12BB with your employer. Alternatively, you can claim it when filing your Income Tax Return (ITR), though this may sometimes lead to queries from the Income Tax Department.

Deepak Rawat

Deepak Rawat (Querist)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

05 April 2023 Yes, eligible if paid through banking channel.

Deepak Rawat

Deepak Rawat (Querist)

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?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

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.

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