Mediclaim of parents
This query is : Resolved
C.A Alok Mukherjee
(Querist)
12 October 2009
As per section an assesse will get benifit upto Rs 20000 for payment of mediclaim for the dependent parents. Now let us take a case what happen if the age of father is 66 years (say premium amount rs 14000) so he will be senior citizen and the age of mother is say 60 years, so she is not senior citizen (say premium amount rs 5000) . In such a situation what will be the eligible amount for deduction. what if the premium in consolidate is Rs 19000 in such a situation what will be deduction ?
CA SANJAY MUKHERJEE
(Expert)
12 October 2009
Entire 19000 is deductible.
If individual policy of Fathe Rs.14000 andfor Mother Rs. 5000
Then Basdic decuction for Parents 15000 and additional upto 5000 for father so 20000 is max limit in your case.
and even if the consolidated premium is 19000 then also the status is same.
If individual policy of Fathe Rs.14000 andfor Mother Rs. 5000
Then Basdic decuction for Parents 15000 and additional upto 5000 for father so 20000 is max limit in your case.
and even if the consolidated premium is 19000 then also the status is same.
CA Suresh Choudhary
(Expert)
12 October 2009
Yes entire 19,000/- will be deductible.
12 October 2009
agree
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
- Gst credit note by supplier
- Missed uploading GST Invoice
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
