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80d
section 80D
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Deduction U/s. 80D of the Income Tax Act, 1961 in respect of Medical Insurance Premium (Mediclaim) paid, to keep in force insurance by individual either on his own health or on the health of spouse, dependent parents and children or paid by HUF on the health of any members of the family. From A.Y. 2016-17 it also include Medical expenditure incurred by assessee, being individual/HUF on the health of a very senior citizen person provided that no amount has been paid to effect or to keep in force an insurance on the health of such person
Chart Explaining Deduction U/s. 80D:-
For Individuals
| Descripttion | Eligible Expense or Medical Insurance Premium paid in respect of | Total Deduction under Sec. 80D | |
| Self, Spouse & Dependent Children | Parents (whether dependent or not) | ||
| No-one has attained the age of 60 years | |||
| A.Y. 2016-17 | Rs. 25,000 | Rs. 25,000 | Rs. 50,000 |
| A.Y. 2015-16 | Rs. 15,000 | Rs. 15,000 | Rs. 30,000 |
| Assessee and his family is less than 60 years & parents are above 60 years of age | |||
| A.Y. 2016-17 | Rs. 25,000 | Rs. 30,000 | Rs. 55,000 |
| A.Y. 2015-16 | Rs. 15,000 | Rs. 20,000 | Rs. 35,000 |
| Assessee and his parents have attained the age of 60 years and above | |||
| A.Y. 2016-17 | Rs. 30,0000 | Rs. 30,0000 | Rs. 60,000/- |
| A.Y. 2015-16 | Rs. 20,000 | Rs. 20,000 | Rs. 40,000 |
For HUF
| Eligible Expense or Medical Insurance Premium paid in respect of | Total Deduction under Sec. 80D | |
| A.Y. 2016-17 | A.Y. 2015-16 | |
| Any one or more of The Member of HUF is senior Citizen | Rs. 30,000 | Rs. 20,000 |
| None of The Member of HUF is senior Citizen | Rs. 25,000 | Rs. 15,000 |
Dear sir
Thanks a lot for sending above.
Regards
Ranjan Ghosh
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