Ad-Free CAclubindia and daily updates on your mobile. Subscribe Now!

Deduction under section 80D claimed

RAJ PAL (AUDITOR) (33 Points)

25 December 2022

Can i claim deduction under section 80 D for medical expenses for senior citizens parents. how much can be claimed ?

Reply
Follow
Share

6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (161306 Points)
Replied 25 December 2022

Yes, maximum Rs. 50,000/- u/s. 80D, for senior citizen parents...

1 Like

Ajit Mundaganur (7 Points)
Replied 25 December 2022

Yes, Rs. 50,000 is maximum available over and above Rs.25,000 available for self and his family

1 Like

Eswar Reddy S (CFO- at NHTF) (58221 Points)
Replied 25 December 2022

50k for senior citizen parents (Medica exp)and 5k for self , spouse children.(Preventive health check up)

6 Like

sabyasachi mukherjee (26331 Points)
Replied 25 December 2022

Sec 80D EXEMPTION MAX FROM GROSS TOTAL INCOME.

1 Like

Asha Kanta Sharma (Manager - Finance & Accounts) (10534 Points)
Replied 26 December 2022

According to Section 80D of the Income Tax Act, Senior Citizens may avail a higher deduction of up to ₹ 50,000 for payment of premium towards medical insurance policy. The limit is ₹ 25,000 in case of Non-Senior Citizens.

Further Section 80DDB of the Income Tax Act allows tax deduction on expenses incurred by an individual on himself or a dependent towards the treatment of specific diseases as stated in the act. The maximum deduction amount in case of a senior citizen is ₹ 1 lakh (₹ 40,000 for Non-Senior Citizen taxpayers).