What is the maximum amount of deduction allowable u/s 80D?
Deduction allowed u/s 80d
Replies (4)
Dear Diandra,
The maximum allowable deduction is INR 20,000/- (in case of a Senior Citizen)
under S. 80D.
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Maximum deduction available u/s 80D is Rs. 40,000/-
.
(a) Assessee or spouse and dependent children = Rs. 15,000/- or Rs. 20,000/- in case of a senior citizen.
.
(b) Parent(s) of the assessee = Rs. 15,000/- or Rs. 20,000/- in case of a senior citizen.
.
[Note: Limits specified in (a) and (b) above is inclusive of preventive health check-up of Rs. 5,000/-]
/articles/income-tax-deduction-22600.asp#.VLk57SuUc8s
If the assesse paid medical insurance premium for himself or wife or dependant children- Rs,15000. In case of senior citizen than Rs. 20000
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