Section 80d

This query is : Resolved

parteekjain (Querist)
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20 December 2013 If an Assesse is paying the premium Rs. 25200/- p.a. for the medical insurance policy, in which he himself is insured along with his parents and sister who are not dependent on him. Then can he claim the deduction of premium paid by him for such medical insurance u/s 80D.
As it is mentioned under section 80D that the deduction can be claimed if premium is paid for the health of assesse or on the health of spouse or dependent parents or dependent children of assesse.
In the above mentioned case the single premium is paid for all the four members i.e. Assessee himself, his independent parents and his sister.

I have a doubt about the amount that can be claimed as deduction. Whether full premium paid or for proportion of premium paid for health of Assessee himself only.

Quick reply is highly appreciated.

Thanks in advance.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 December 2013 in any case, you can claim only to the extent the premium is paid by you. even if there is a policy solely in your name and you pay only 50% of the premium, you can only 50% of the premium.