CA FINAL
547 Points
Joined September 2009
I agree with the other members that you can avail 2 benefits ;
1. Premium on medical insurance for self, spouse, children, parents can be claimed u/s 80D
2.reimbursement medical expenditure up to Rs.15,000 pa
BUT there can be a situation where you can avail 3 benefits , according to the latest amandments in 80D.
AMANDMENT :
allowance of medical expenditure of 30,000, if following conditions are satisied:
(a) expenditure on self / spouse/ parents and
(b) who is of the age of 80 years or more
(c) indian resident
(d) NO health insurance premium paid for such person
NOW you can HAVE these 3 benefits :
1. reimbursement medical expenditure up to Rs.15,000 pa
2. Premium on medical insurance for self, spouse, children, parents ( OF ANY AGE ) can be claimed u/s 80D
3. medical expenditure of 30,000 u/s 80D OF THE RESIDENT PARENT OF 80 YEARS OR MORE OF WHOME THERE IS NO MEDICAL INSURANCE.