rebate u/s 80D of IT

Tax planning 2407 views 5 replies

We are getting Medical reimbursement equivalent to One month basic and da, would I be getting the benefit of deduction u/s 80D of the IT Act in respect of LIC's Health  Plus Policy.

 

Manish 

Replies (5)
80-D can be claimed on actual payment for Medical insurance premium & only by cheque payment & u r getting med. reim. invest thn claim.
In A.Y 2008-09, the payment mode of 80D has been relaxed. Now it can b availed in "any mode other than cash" Also the Quantum of Deduction has Changed : 15000/- normally And 20000/- when Insurance Premium is on the health of a Senior Citizen.
yes,Claim 80D for 15000/- by making payment thru cheque.This have nothing to do with Medical Exp.Reiumbersement,

medical deduction U/s 17(2) max up to 15000/-

and Deduction U/c 80D max up to 15000/-

i can take both deduction . i am a salary persion.

Yes. You can take both.

 

 


CCI Pro

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