Query Regarding Medical Insurance Preimium U/s 80D
This query is : Resolved
K. Murali Mohan
(Querist)
30 December 2008
Shall i Give Medical Premium Deduction to our employee for Self/ and Dependants parents Separately.
(i.e 15000+15000)=Total Deduction is 30000/-
Can Any One Confirm whether it is correct or Not.
Shall i Give Medical Premium Deduction to our employee for Self/ and Dependants parents Separately.
(i.e 15000+15000)=Total Deduction is 30000/-
Can Any One Confirm whether it is correct or Not.
CA R N Mohil
(Expert)
30 December 2008
From the assessment year 2008-2009 The general deduction u/s 80D is Rs 15000 and additional deduction upto Rs 5000/ is available if the medical insurance premium is paid for the the assessee or his/ her spouse or dependants parents who is senior citizens (65 years or more)
CA Chaitanya
(Expert)
30 December 2008
No. It in not 15000 + 15000.
CA Chaitanya
(Expert)
30 December 2008
The maximum amount deductible u/s 80 D is either 20000 or 15000 as the case may be.
CA Tilak Raj Sharma
(Expert)
31 December 2008
Maximum deduction is 20000 or 15000 as the case may be.
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