Medical bills

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This query is : Resolved

V K Vijayaraghavan (Querist)

14 July 2019 Read in queries that someone has written that upto 5000 medical bills can be claimed under 80D
This is upto which AY

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

14 July 2019 Preventive Health Check-up
Any payments made towards preventive health check-ups will entitle a taxpayer to a deduction of up to Rs.5,000, which is within the overall limit of Rs.25,000 / Rs.30,000 (Rs.50,000 w.e.f. 1 April 2018) as the case may be.
Example 1: Rahul has paid a health insurance premium of Rs.23,000 for the insurance of the health of his wife and dependent children in the financial year 2017-18. He also got a health check-up done for himself and paid Rs.5,000.
Rahul can claim a maximum deduction of Rs.25,000 under Section 80D of the Income Tax Act. Rs.23,000 has been allowed towards insurance premium paid, and Rs.2,000 has been allowed for a health check-up. The deduction towards preventive health check-up has been restricted to RS.2,000 as the overall deduction cannot exceed Rs.25,000 in this case.

V K Vijayaraghavan

V K Vijayaraghavan (Querist)

16 July 2019 Right sir Thank you
Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 July 2019 Welcome.........................

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