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Deduction for Medical Insurance

This query is : Resolved 

01 May 2024 Resolved and deleted.

02 May 2024 Son can take deduction as he paid the premium. Father is not eligible as he has not paid the premium

02 May 2024 Resolved and deleted.

02 May 2024 Under Section 80D of the Income Tax Act, you are allowed to claim a tax deduction on the premiums paid for your parent's health insurance. If your parents are aged below 60, you can claim a deduction of up to Rs 25,000 and if they are above 60, the maximum deduction goes up to Rs 50,000.1


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