if the spouse is an employee. mediclaim policy on the name of husband 61 years old and the amount is 75620. hou much amt is deductible.
Replies (3)
Quick Summary
This discussion clarifies the tax deductibility of Mediclaim insurance premiums for senior citizens. For individuals aged 60 and above, up to £50,000 of the premium paid for health insurance can be claimed as a deduction for tax purposes. This applies even if the policyholder's spouse is an employee.