dear all,
could you please confirm the 80 D deduction for the ay 19-20? is it 50000? if so, has the act been amended fr this change? pls clarify
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80d deduction for senior citizens
Replies (3)
A medical insurance policy allows you to avail tax deduction under Section 80D of Income Tax Act for any expenses incurred for preventive health check-ups. You can avail Rs. 5,000 for the cost incurred for preventive health check-ups for self, spouse, children or parents.
you will also be eligible to claim deduction of premium paid on the policy taken for your senior citizen parents upto a maximum of Rs 50,000 (this limit was Rs 30,000 until FY 2017-18
yes senior citizens are eligible to claim 50000 as 80d deduction inclusive of 5000 incurred on preventive health check up
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