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Deductions under 80d two policies

ITR Filing 1099 views 7 replies
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Programmer
30 Points Posted on 06 March 2015

Hi,

I have two Health Insurance Policies (Family floaer) both cover my Mom. The premium is Rs. 9406 and 28393. My mom is a senior citizen (60 years).

So can i claim upto 35000 (15000+20000)? or do i have to consider only my moms part of the premium from the policy. 

Thanks & Regards,

Francis

 

 

 

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On 06 March 2015 at 16:30 Report
Replies (7)
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CA final CS executive (from Bangalore)
1881 Points Posted on 06 March 2015
If the health insurance policy is for senior citizens then aggregate premium of Rs 20000 can claim as deduction u/s 80D. So, in ur case, deduction available for u is ₹20,000 only.
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On 06 March 2015 at 17:20
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job seeker
33 Points Posted on 07 March 2015
For fy 2015-16. the limit has been increased to 30000
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On 07 March 2015 at 02:49
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Executive Finance
181 Points Posted on 07 March 2015
Absolutely for FY 2014-15 the maximum deduction U can claim in your case is Rs 20,000. Since maximum limit fixed for health insurance premium is Rs 20,000 u/s 80D. But from Fy 2015-16 onwards one can claim upto 30,000.
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On 07 March 2015 at 06:03
Guest

 Under Family floater health insurance, the customer has the option to include self, spouse, children and parents thus getting a full family medical insurance coverage.So, If the health policy covers you as well as mother,you can claim deduction for 15000 (for you)+20000 (for mother).

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On 07 March 2015 at 09:59
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Chartered Accountant
192 Points Posted on 07 March 2015
Agree with Madhvi, u can claim deduction of rs. 30000 u/s 80D
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On 07 March 2015 at 14:35
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Chartered Accountant
26 Points Posted on 07 March 2015
Agree with madhvi, u can claim 20k + 15k total 35k
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On 07 March 2015 at 22:11
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Chartered Accountant
26 Points Posted on 07 March 2015
Agree with madhvi, u can claim 20k + 15k total 35k
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On 07 March 2015 at 22:12


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