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Deduction of medical policy and medical expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 January 2013 Dear All,

Please confirm about Medical Expenses, for example one person has purchase a medical policy and paid a premium of Rs. 20000 annul and also expend Rs. 25000 in miscellaneous medical expenses in the same year.His income is from salary and employer provided salary slip with Rs. 1250 per month medical allowance that is Rs. 15000 annual.

In this case how much deductions are allowed as per income tax.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
23 January 2013 The Medical Allowance of 15000/ is exempt if he furnishes bill to the employer.
.
Medical Insurance premium paid in respect of Senior Citizens is deductible upto Rs. 20000.
In other Cases benefit of Rs. 15000/ is available U/s 80D.
.
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