Mediclaim

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SAMIR DESAI (Querist)

27 February 2012 Dear Sir,

I paid mediclaim premium 17000/- than how much ampunt exept u/s 80D & i paid also my parents premium also of rs. 22000/- than how much amount in 1 & 2 cash

CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)

27 February 2012 Under Section 80D, deduction of Rs. 15000 will be exempt for payment paid by You and additional deduction of Rs. 20000 will be available in respect of parents. total amount 35000/-

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)

27 February 2012 Agree with expert but in case your parents or you are not a senior citizen than you can claim only Rs. 35000/-. it means Total deduction Rs. 30000/- if you parents or you are not a senior citizen .

Deduction on Medical insurance premium paid for himself,spouse,dependent children =Rs 15000 maximum.
Deduction on Medical insurance premium paid for parents ,whether dependent on assesee or not =Rs 15000 maximum
Deduction to HUF: Deduction to HUF is available on insurance premium paid for policy taken for of any member of the HUF

Addition deduction for Resident Senior Citizen:In addition to two point above, additional deduction of Rs 5000 is available where assessee or his spouse (wife or husband) or dependent parents or any member of the family in case one and father or mother is a resident in India and a senior citizen in case two.And same in the case of HUF assessee if policy has been taken on member which is senior citizen than additional Rs 5000/- deduction.

Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
www.arssolutions.co.in
www.ars-solutions.webs.com

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