Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

80d deduction for senior citizens

256 views 3 replies

Sreevidhya V

478 Points Joined March 2017

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

Replies (3)

Guest

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.

Guest

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