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Deduction u/s 80d for himself and parents

Subhendu (Accountant) (25 Points)

19 December 2011

I have paid Rs. 21000 for myself and my parents(senior) by a cheque can I get deduction for Rs. 21000/- ?

If no, what is the procedure to get deduction of entire amount.

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10 Replies

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 19 December 2011

yes you will get deduction...

addition 15000 is allowed for parents and 20000 in case of senior citizen...

rectify me if i am wrong...

CA Hardik Bunha (self) (2121 Points)
Replied 19 December 2011

yes you can get deduction for 21,000

Nirmal (Audit Assistant) (58 Points)
Replied 19 December 2011

yes you u r eligible to get deduction, in case if ur parents is nri then also u vl get deduction.

Amar Deep (Student) (26 Points)
Replied 19 December 2011

You can only alloaw the deduction only Rs.20000/- in U/s.80D.

CA LALIT WADHWA (FRESHER) (105 Points)
Replied 19 December 2011

yes u can claim maximum deduction 15000...20000 in case of senior citizen..

this limit is 4 u n ur spouse n children...

a further deduction of 15000 or 20000(resident senior citizen) cn be claimed if u buy policy 4 ur parents..

in crux-dere is 2 grop-

1-individual,spouse,children-limit 15000 or 20000 as the case may be

2-ur parents-limit 15000 or 20000 as the case may be...

in ur case u r in first group u cn claim deduction of re 15000 4 ur self..

n upto 15000 4 ur parents...max 30000(assume none of u n ur parents is senior citizen)

CA Ketan Waghela (Partner at Elite Educare) (356 Points)
Replied 19 December 2011

Agreed with Mr. Lalit Wadhwa. He's correct.

You can claim deduction u/s 80D upto maximum Rs.30,000/- if none of you attained the age of 65 years.

CA Kiran Sutrave (CA) (428 Points)
Replied 20 December 2011

Dear Subhendu

Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000. In case any of the persons mentioned above is a senior citizen (i.e. 65 years or more as of end of the year up to F.Y. 2010-11 and 60 years from F.Y. 2011-12) and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000.
Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 15,000. In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 20,000.

Rajnikant Vadigoppula (CA, CS And CMA Final) (919 Points)
Replied 20 December 2011

yes you can claim Rs. 21000 as deduction in which your share of premium must be less than 15000,

as per section 80D :- for self, spouse and children maximum Rs.15000

and for Parents Rs.15000 if they are senior citizens (above 65 years) than the limit will be Rs.20000.

tin short you can claim Total Rs.30000 ( if parents are not senior citizen)

and 35000 (if they are senior citizen)

suchit shah (Dy. Manager(Finance & Accounts)) (208 Points)
Replied 20 December 2011

Agree with the above all , but make sure Out of those 21000 Rs. if u have paid more than 15000 for your self then u would get maximum of 15000 Rs. only .......