Deduction iunder section 80 d
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2017
deduction under section 80 D is allowable for how much amount
medical insurance-
preventative check up
medical insurance-
preventative check up
05 March 2017
Deduction in respect of Medical insurance premium : Sec 80D is available if following conditions are satisfied:
1) The tax payer is Individual/HUF
2) Payment made out of income chargeable to tax
3) Payment made by any mode other than Cash ( Payment for preventive health check up can be made by cash also)
Maximum Deductible amount :
a) General deduction upto Rs.25,000/- for self & family, For parents additional upto Rs.25,000/-
b) For senior citizen additional Rs.5000/- i.e Rs.30,000/- in each case
c) for Super senior citizen Rs.30,000
d) Maximum deduction on account of preventive health check up is Rs.5000/- ( for all i.e self, spouse, parents)
1) The tax payer is Individual/HUF
2) Payment made out of income chargeable to tax
3) Payment made by any mode other than Cash ( Payment for preventive health check up can be made by cash also)
Maximum Deductible amount :
a) General deduction upto Rs.25,000/- for self & family, For parents additional upto Rs.25,000/-
b) For senior citizen additional Rs.5000/- i.e Rs.30,000/- in each case
c) for Super senior citizen Rs.30,000
d) Maximum deduction on account of preventive health check up is Rs.5000/- ( for all i.e self, spouse, parents)
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