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Does tax is included for exemption under 80 d

ITR 137 views 3 replies
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IT Consultant
21 Points Joined August 2018

Greetings!1

Can anyone please confirm if in the medclaim premium which is exempted under 80D is inclusive of Tax or exclusing (in FY 2017-18).

Regards

 

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On 24 August 2018 at 14:44 Report
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CA
609 Points Joined August 2018
What u have paid for medical premium inclusive of tax is eligible for deduction u/s 80D
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On 24 August 2018 at 14:59
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CA in Practice
522 Points Joined March 2018
The total payment made is exempt
for ex:
Mediclaim premium 15000
Add: CGST @ 9% 1350
Add: SGST @ 9% 1350
TOTAL: 17700

Then deduction allowable u/s 80D will be 17700
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On 24 August 2018 at 15:00
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CA
609 Points Joined August 2018
Yes total amount eligible for Deduction

The Sec.80D(2)(a) clearly speaks about the whole of the amount paid to effect or to keep in force an insurance on the health of the assessee or his family.. Act not specifically said about tax amount so in my opinion total amount eligible for deduction
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On 24 August 2018 at 15:52

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