Deduction under sec. 80d

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2013 (A).If an employee takes the health insurance policy for self and family(Spouse and child) for Rs.15000 and also take another policy for his parents for Rs.18000. His Parents are not senior citizen.
Then how much deduction under Section 80D an employee can get.
(B). If his parents are senior citizen and he takes the policy for self and family for Rs.15000 and also take another policy for his parents(Senior Citizen) for Rs.20000.
How much deduction can he claim under Section 80D.

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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29 March 2013 Case A
1. Rs.15000/- for self and spouse
2. Rs.15000/- for parents (Rs.3000/- will not be allowed for deduction in payment of Rs.18000/-)

Case B
1. Rs.15000/- for Self & Spouse
2. Rs.20000/- for parents (senior Citizen)

but
(2A) Where the amounts referred to in are paid on account of preventive health check-up, the deduction for such amounts shall be allowed to the extent it does not exceed in the aggregate five thousand rupees.

(2B) For the purposes of deduction under other than above payment shall be made by—

(i) any mode, including cash, in respect of any sum paid on account of preventive health check-up;

(ii) any mode other than cash in all other cases not falling under clause (i).

CA Ghanshyam Joshi

CA Ghanshyam Joshi (Expert)
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18 February 2014 Please refer my detailed article on this matter, link is -
https://taxclick.org/type/students/deduction-in-respect-of-health-insurance-premium-----sec-80d-of-income-tax-act

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