Medical Premium -Sec 80D

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chandar R

242 Points Joined June 2022

I paid Rs 31000 on 20/04/23 towards Medical premium for the period 01/04/23 to 31/03/24 and I will be paying in the month of March 24 also Rs. 31000 premium for the period 01/04/24 to 31/03/25. The total comes to around Rs. 62000 during the F. Y. : 2023-24.

Obviously I did not claim any thing u/s 80D while filing my ITR in July 23 for the AY 2023-24.

My query is whether I am eligible to claim Rs 62000 ( Subject to a maximum of Rs. 50000) under Sec 80D for A. Y. 2024-25 even though it is for 2 different periods but paid in the same Financial year?

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210471 Points Joined July 2016

No. Only Rs. 31K eligible.

chandar R

242 Points Joined June 2022

But Sir, First of all, I did not claim in the FY 2022-23 and my humble understanding is that both the premiums are paid in FY 2023-24 and are not all the exemptions are "On Paid Basis" only and these are paid in the same current year?

I can produce proof of the 2 Receipts issued by the company and is not the onus on Late collection rests with the company?

Can you advise?