at age 61,
if I pay 75000 towards health insurance premium for a period of 5 years,then can I claim(80D) it in same year or divide the premium in subsequent years?
please clarify?
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Lump sum health insurance for senior citizen
Replies (4)
Quick Summary
You get the benefits in the same year on which you have made the payment
You have to apportion the total premium paid by number of years in case of premises paid for more than one year. in your case you can claim 15000 for 5 years
Mr. Rama jee are correct .
Sorry my ans is wrong in your senerio
what rama krishna sir says is right you have to divide your amout 75000 for 5 year's
in addition to it being senior citizen you can take other benifit of 80 D.
what rama krishna sir says is right you have to divide your amout 75000 for 5 year's
in addition to it being senior citizen you can take other benifit of 80 D.
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