DT doubt

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Guest

is the amt of rupees 5000 of preventive health chechk up included in amt of 15000 in deduction u/s 80D or its over and above 15000?

Replies (6)

VIKAS.A

SOMETHING IS BETTER THAN NOTHING

1095 Points Joined December 2012

5000 is with in the limit of 15000,

This section has been amended from financial year 2012-13 to also include any payment made by an assessee on account of preventive health check-up of self, spouse, dependent children or parents(s) during the previous year as eligible for deduction within the overall limits prescribed in the section. However, the deduction on account of expenditure on preventive health check-up (for self, spouse, dependent children and parents) shall not exceed in the aggregate Rs.5,000.

It is further amended that for the purpose of the deduction under section 80D, payment can be made –

(i) by any mode, including cash, in respect of any sum paid on account of preventive health check-up and

(ii) by any mode other than cash, in all other cases.

These amendments will take effect from 1st April, 2013 and will, accordingly, apply in relation to the assessment year 2013-14 and subsequent assessment years.

So if you have incurred any expenses for Health test for

Self
Spouse
Dependent children
dependent parents

Then you can claim deduction u/s 80D up to Rs 5000/-

This deduction can be claimed even amount has been paid in cash .
This deduction is included in overall limit of 15000/- of section 80D for health insurance and if you have already used this limit for health insurance then you can not claim deduction for preventive health check up.

Guest

THAT MEANS IT CAN B PAID IN CASH AS WELL?RYT?

VIKAS.A

SOMETHING IS BETTER THAN NOTHING

1095 Points Joined December 2012

YES, ASHIMA

CA suraj prasad

205 Points Joined February 2009

1.Preventive health check can be paid in cash wch is restricted upto Rs5000.

2.Such preventive health is allowed u/s80D...n such amount include within the limit of Rs15000 if the amount is paid by a. Individual:For himself ,spouse and dependent children. b.Individual:For parents but such benefit is not avaiable for HUF:For Member.

3.Such amount in included within the limit of Rs20000 in case of senior citizen who age is 60years or more during the previous year.

CA Deepak Rathore

EXPERT

281 Points Joined December 2010

Benefit is also available to HF as well

Sl.No.	I.T. Sec.	Nature of Deduction	Amount of deduction
3.	80 D	(a) Health Insurance Premium paid by an individual/HUF by any mode of payment other than cash to effect or keep in force an insurance on the health of the assessee(self) or his family(spouse & dependent children) for policies taken from General Insurance Corporation /other approved Insurance Regulatory and Development Authority or any contribution made to the Central Government Health Scheme or any payment made on account of preventive health check-up subject to a maximum of Rs.5,000. (b) Medical Insurance Premium paid by an individual/HUF by any mode of payment other than cash to effect or keep in force an insurance on the health of his/her parent or parents for policies taken from General Insurance Corporation /other approved Insurance Regulatory and Development Authority or any contribution made to the Central Government Health Scheme or any payment made on account of preventive health check-up subject to a maximum of Rs.5,000. (c) For Senior Citizens in respect of (a) & (b) above Preventive health check up by any mode, including cash, in respect of any sum paid on account of preventive health check-up For himself ,spouse and dependent children	Upto Rs.15,000 Upto Rs.15,000 upto Rs 20000 up to 5000/- included in above limit.