mediclaim
This query is : Resolved
21 March 2010
i have invested in mediclaim for myself 15000/ and my father(sr. Citizen) 20000/ what amt. is exemt u/s 80-d????????
Taranjit Singh
(Expert)
21 March 2010
Under the existing section 80D, deduction upto a sum of Rs. 15,000 on premium paid for insurance on the health (Mediclaim) of the assessee and his family. A further deduction of Rs. 15,000 is admissible if the medical insurance is taken for parents of the assessee. It is also provided in the existing provision that if the insured is a senior citizen, the said limit will become Rs. 20,000.
Rahul Gupta
(Expert)
22 March 2010
Agreed. Deduction allowed is 15000+20000.
CA Ravi Sisodia
(Expert)
22 March 2010
Agreed (15000 + 20000)
CMA Arif Farooqui
(Expert)
25 March 2010
As per Sec 80 D maximum deduction in this case would be Rs 20000 not Rs 35000.
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