Mediclaim u/s 80d

This query is : Resolved

yogesh vijaykumar shah (Querist)
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12 July 2013 Suppose an individual 'X' having age below 60 years paid medical insurance of Rs. 26,000/- as per details given below:-

1st Receipt
Medical Ins. premium for own Rs 12000 and Medical Ins. Premium for his mother (above 80 years) Rs. 5000

2nd Receipt - For medical insurance premium for his spouse of Rs. 9000/- (having age below 60 years). Kindly advise about how much amount of deduction u/s 80D of I T Act, 1961 can be claimed for the Assessment Year 2013-14

CS M.Kurtrala Nathan

CS M.Kurtrala Nathan (Expert)
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13 July 2013 The Deduction that can be claimed under Sec. 80D at the time of filing of income tax return is the sum of the following:-
1. In case the payment of medical insurance premium is paid by the assesse for himself, spouse, dependent children – Rs. 15000. In case, the person insured is a Senior Citizen, the deduction allowed should be Rs. 20,000
2. In case the payment of medical insurance premium is paid by the assesse for parents, whether dependent or not – Rs. 15000. In case the parents of the Assessee are Senior Citizensthe deduction allowed under Section 80D should be Rs. 20,000

http://www.charteredclub.com/section-80d/

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