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Deduction of mediclaim

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Vineet

Vineet (Querist)

27 March 2015 plz mention how much amount is allowable in 80d

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

28 March 2015 Deduction is available upto Rs. 20,000/- (proposed to be enhanced to Rs. 30,000 w.e.f. 01.04.2015) for senior citizens and upto Rs. 15,000/- (proposed to be enhanced to Rs. 25,000 w.e.f. 01.04.2015) in other cases for insurance of self, spouse and dependent children. Additionally, a deduction for insurance of parents (father or mother or both) is available to the extent of Rs. 20,000/- (proposed to be enhanced to Rs. 30,000 w.e.f. 01.04.2015) if parents are senior Citizen and Rs. 15,000/- (proposed to be enhanced to Rs. 25,000 w.e.f. 01.04.2015) in other cases. Therefore, the maximum deduction available under this section is to the extent of Rs. 60,000/-. From AY 2013-14, within the existing limit a deduction of upto Rs. 5,000 for preventive health check-up is available.

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https://www.charteredclub.com/section-80d/

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