Mediclaim deduction

Hello sir,

My query is as follows:

Income Tax return filing for FY 2019-20 (AY 2020-21)

Mediclaim renewal is due on 22/3/2020.
Premium paid Rs. 25000/-
Policy mentions period as 23/3/2020 to 22/3/2021.

Can one claim this deduction for FY 2019-20?

or based on policy period, it is to be considered for FY 2020-21?

Kindly revert.

Thanks
Suraj
Replies (3)
Quick Summary
This discussion clarifies when you can claim a deduction for Mediclaim premiums paid. The key factor is the date of payment, not the policy period. If you paid the premium for the financial year 2019-20 (Assessment Year 2020-21), you can claim the deduction for that year, even if the policy coverage extends into the next financial year.

The deduction is available based on the date of investment. It has to be during the Accounting Period for claiming deduction. However you can not ask for deduction again on the same thing.
Deduction under chapter VI A is available on payment basis as per my view you have to take deduction on FY 19-20.
It is to be taken in F.Y.2019-20.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details