Deduction under 80D
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2011
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....
jinkesh jain
(Expert)
05 March 2011
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.
CS LLB Pulkit Gupta
(Expert)
05 March 2011
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.
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.
05 March 2011
https://taxguru.in/income-tax/all-about-deduction-us-80d-for-mediclaim-premium-available-to-individual-huf-and-senior-citizens.html
Please go to above link. Read carefully, all your queries will be solved.
Please go to above link. Read carefully, all your queries will be solved.
CS LLB Pulkit Gupta
(Expert)
05 March 2011
For more details u can refer my article on 80D & Medical Insurance :-
https://www.caclubindia.com/articles/80d-key-deduction-for-good-financial-planning-8413.asp
https://www.caclubindia.com/articles/-essentials-of-health-policy-or-good-medical-insurance-8414.asp
https://www.caclubindia.com/articles/80d-key-deduction-for-good-financial-planning-8413.asp
https://www.caclubindia.com/articles/-essentials-of-health-policy-or-good-medical-insurance-8414.asp
CA Ghanshyam Joshi
(Expert)
18 February 2014
Please visit the link -
https://taxclick.org/type/students/deduction-in-respect-of-health-insurance-premium-----sec-80d-of-income-tax-act
https://taxclick.org/type/students/deduction-in-respect-of-health-insurance-premium-----sec-80d-of-income-tax-act
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
