banner_ad

80D Mediclaim policy

Tax queries 4890 views 18 replies

PAYMENT OF PREMIUM FOR MEDI-CLAIM POLICY & POLCY CAN BE TAKEN IN THE NAME OF SELF, SPOUSE OR DEPENDENT CHILDERNS AND DEDUCTION IS ALLOWED EQUAL TO THE AMOUNT OF PREMIUM BUT MAXIMUM DEDUCTION IS ALLOWED RS. 15000. BUT IF THE POLICY CAN BE TAKEN IN THE NAME OF SENIOR CITIZEN DEDUCTION IS ALLOWED MAXIMUM RS. 20000.

ADDITIONAL DEDUCTION IS ALLOWED IF POLICY CAN BE TAKEN IN THE NAME OF PARENTS( DEPENDENT/INDEPENDENT) IS RS. 15000. BUT IS POLICY CAN BE TAKEN IN THE NAME OF SENOIR CITIZEN DEDUCTION IS ALLOWED RS. 20000 OR ACTUAL PREMIUM PAID WHICHEVER IS LOWER

SO IN BOTH THE CASES EXEMPTION IS ALLOWED RS. 25369

 

whole amount  i.e. Rs. 25639/- would be eligible as deduction u/s 80D for Mediclaim

i agree with Mr. Amir too

One of our assessee purchased a mediclaim policy in foreign country. Is this a valid deduction under 80D.

Please Reply,

Praveen.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details