Deduction u/s80D


This query is : Resolved 

Quick Summary
If you've paid your health insurance premiums for multiple years in advance, you can claim the deduction under Section 80D proportionately each year. This means you don't have to claim the entire deduction in the year of payment, but can spread it across the relevant assessment years. This is particularly useful if your annual premium falls within the eligible deduction limits.

(Querist)
17 July 2023 Sir,
I had paid three years premium online for my health insurance last year itself to avail discount. However I claimed deduction for only one year premium charge last year u/s80D. Can I claim 2nd year premium deduction u/s 80D in current year & for third year next year?The yearly premium claimed is less than 25K.
Thanks & Regards
Ashok

18 July 2023 Yes. For Mediclaim policies deduction u/s. 80D, you can claim it proportionately every year.

akl (Querist)
18 July 2023 Thanks a lot for advice.

18 July 2023 You are welcome.


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