LIC Premium and Medical Insurance
Vishnu 001 (1 Points)
14 April 20192. My parents are below 60 yrs am I eligible to claim Medical Insurance under 80D?
Vishnu 001 (1 Points)
14 April 2019
Neelima Muni
(owner)
(299 Points)
Replied 14 April 2019
1. Life insurance premium is deductible u/s. 80C.
2. Yes, max. upto Rs.25000/- (in addition to own 80D deduction), but the amount must have been paid using the taxpayer’s income chargeable to tax.