80d in cash above 5000

Tax planning 1032 views 9 replies

can i take deduction in 80d after paid 14585/- in cash this year or next year??????

Replies (9)

When it is paid i can't understand the question pls. explain

 

Dear deep benefit of 80d is available if paid in cheque. So in your case you will not get the deduction under 80d. Regards

Yes it is correct

agree with Manoj.

But a deduction of upto Rs 5,000 can be taken if cash payment is made for preventive health check up.

Yaa if paid for perventive health checkup then in cash payment allowed upto 5000
Yes Deduction can be claimed upto Rs. 5000 as Mediclaim under Sec. 80 D; if payment is made othewise than Cheque Mode.
yes it is correct
Can claim only if paid on account payee, demand draft otherthan cash

case -1

Suppose you have paid 10000 through cheque for mediclaim insurance and 5000/- in cash for preventive health check up.

 

in that case you are eligible for INR 15000/- u/s 80D

case -2 Suppose you have paid 10000 through cheque for mediclaim insurance and 5000/- in cash for preventive health check up and 15000/- for your parents (dependent or not) . that you are eligible to deduction of INR 30000/- 

 

case -3 Suppose you have paid 10000 through cheque for mediclaim insurance and 5000/- in cash for preventive health check up and 20000/- for your parents who are senior citizens (dependent or not) . that you are eligible to deduction of INR 35000/- 

 

 

AGREED WITH ABOVE DISCUSSION


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