Medicalim deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2012
if son paid mediclaim amount from his account on behalf of father and mediclaim policy in the name of the father but cert. explained son paid premium on behalf of father.
in this case can son take a deduction under 80D.
in this case can son take a deduction under 80D.
14 July 2012
Yes he can claim deduction for mediclaim paid by him for his father subject to the limit and condition specified u/s 80D.
14 July 2012
Yes son can claim deduction u/s 80D
Further detail is as follows:-
This deduction is available for medical claim policy which should be framed in this behalf by GIC or by any other insurer but approved by IRDA
Deduction is available to
- Individual
- HUF
Mode of Payment - Other than cash
Dedection
himself/spouse/children - Max 15000 PA
parents - Max 15000 PA
Addition deduction for senor citizen - 5000PA
Hence if Individual Pay Rs. 16000 for himself and 20000 for parent than dedection would be 15000+15000 = Rs. 30000/-
Further detail is as follows:-
This deduction is available for medical claim policy which should be framed in this behalf by GIC or by any other insurer but approved by IRDA
Deduction is available to
- Individual
- HUF
Mode of Payment - Other than cash
Dedection
himself/spouse/children - Max 15000 PA
parents - Max 15000 PA
Addition deduction for senor citizen - 5000PA
Hence if Individual Pay Rs. 16000 for himself and 20000 for parent than dedection would be 15000+15000 = Rs. 30000/-
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