diduction of 80D
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2010
in this section diduction allowod on what basis. whom for payment made or the person who payment made.
03 May 2010
Deduction in respect of Medical Insurance Premia [Sec. 80D]:
Deduction is allowed for any medical insurance premium under an approved scheme of General Insurance. corporation of India, (popularly known as MEDICLAIM) or of any other insurance company, paid by any mode except cash, out of assessee’s taxable income during the previous year, in respect of the following:
For Whom Deduction u/s 80D is available:
(a) In case of an individual- Insurance on the health (health insurance) of the assessee, or wife or husband, or parents or dependent children.
(b) In case of an H.U.F.- Insurance on the health of any member of the family.
Amount of Deduction:
Maximum Rs.15,000 (Rs.20,000 in case any person insured is a senior citizen).
Deduction is allowed for any medical insurance premium under an approved scheme of General Insurance. corporation of India, (popularly known as MEDICLAIM) or of any other insurance company, paid by any mode except cash, out of assessee’s taxable income during the previous year, in respect of the following:
For Whom Deduction u/s 80D is available:
(a) In case of an individual- Insurance on the health (health insurance) of the assessee, or wife or husband, or parents or dependent children.
(b) In case of an H.U.F.- Insurance on the health of any member of the family.
Amount of Deduction:
Maximum Rs.15,000 (Rs.20,000 in case any person insured is a senior citizen).
03 May 2010
Maximum amount of deduction under section 80D can go up to Rs. 400000/- .
As medical insurance of parents is allowed in extra of spouse and dependent childrens.
Means Rs. 15000* for Family
+
Rs. 15000* extra for parents.
*where the person is of age 65 or more the amount would be 20000.
As medical insurance of parents is allowed in extra of spouse and dependent childrens.
Means Rs. 15000* for Family
+
Rs. 15000* extra for parents.
*where the person is of age 65 or more the amount would be 20000.
CMA Arif Farooqui
(Expert)
09 May 2010
agreed
CA Ravi Sisodia
(Expert)
09 May 2010
Agreed..
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- 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
