My client's parents have mediclaim policy and premium amount paid from parents account.
Can he claim Deduction U/s 80D?
Menu
Deduction U/s 80D
Replies (4)
Quick Summary
Certainly yes.
does he receive pension .
has he retired from govt. service.
does he receive pension .
has he retired from govt. service.
Yes, he can claim deduction under section 80D
Yes the assessee can claim Deduction U/s 80D of the Income Tax Act 1961 for the Parents Mediclaim Insurance premium upto Rs. 50,000 ( if they are Senior Citizen )...
Health insurance premium paid for Self, Spouse or dependent children is tax deductible upto Rs 25,000. If any one of the persons specified is a senior citizen and Mediclaim Insurance premium is paid for such senior citizen then the deduction amount will be Rs. 50,000 for FY 2019-20 (AY 2020-21).
Health Insurance premium paid for parents is tax deductible upto Rs 25,000. If your parents are senior citizens (60 years and above) then the maximum allowable deduction is Rs 50,000. For senior citizens above the age of 60 years, who are not eligible to take health insurance, deduction is allowed for Rs 50,000 towards medical expenditure
Health Insurance premium paid for parents is tax deductible upto Rs 25,000. If your parents are senior citizens (60 years and above) then the maximum allowable deduction is Rs 50,000. For senior citizens above the age of 60 years, who are not eligible to take health insurance, deduction is allowed for Rs 50,000 towards medical expenditure
Recent Topics :
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
Related Topics :
CAclubindia
