My father is a super senior citizen and also a tax payer as he receives family pension. His medical expenditure is not covered under any insurance and the expenditure is quite high. Part of his medical expenditure is claimed under 80D in his tax return. However there is still a balance medical expenditure amount that is not claimed. As his daughter can I claim the deduction in my tax return? Please advice.
Thanks.
Rs. 5000 would be for preventive health checkup and max Rs. 50000 would be for medical expenditure of parent.. isn't it?
Deduction for Self and Family The maximum amount of deduction is Rs 25000 per annum on health insurance premium paid for oneself and for a family. The maximum amount of deduction is Rs 50000 per annum if an individual is a senior citizen (aged above 60 years). Deductions for Parents The maximum amount of deduction on health insurance premium is Rs 25000 per annum if it is paid on behalf of parents. The maximum amount of deductions paid towards premium is Rs 50000 per annum if it is paid for parents who are senior citizens. Additional Deductions An individual can claim additional deductions up to Rs 5000 per annum on expenses related to the health check-ups. This limit includes the expenses incurred in the medical check-ups of all the family members including spouse, kids, parents.
Read more at: https://www.goodreturns.in/section-80d-of-income-tax-act-s7.html
SKAA & Associates
New Delhi
CA Inter
View Details
CAclubindia
