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Deduction under 80D

This query is : Resolved 

Querist : Anonymous

Querist : Anonymous (Querist)
Sir .I m paying consolodated amount of Rs.30000 as a premium for my family including senior citizen......How much Deduction i get under section 80D....

The amount of deduction depends on whether senior citizen u referring to are ur parents. Please provide breakup of premium paid for ur parents seperately.

Amount of Deduction

Individual - Well two types of deduction is provided to him . One on the premium paid for the medical cover of himself,spouse and children and an additional deduction on payment of premium for parents (both dependents and non-dependents)

Basic - 15000 + 5000 (extra if anyone is senior citizen)

Additional - for medicalim policy of parents 15000 + 5000 extra (if they are senior citizen)

INSERT (AY 2008-09)
Additional deduction of Rs. 15,000 under Section 80D is allowed to an individual who pays medical insurance premium for his/ her parent or parents.

Please go to above link. Read carefully, all your queries will be solved.

For more details u can refer my article on 80D & Medical Insurance :-

Please visit the link -

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