My self and my are senior citizens above 60 years. We both file ITR1 every year separately and get assessed. We take floater health insurance policy and pay a premium of Rs.75000 from our joint account. Can we claim deduction under section 80 D Rs.37500 each in our individual returns? Can you please clarify.
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Sec 80D of IT Act
Replies (6)
Yes, provided the receipt is also in joint name.
Who has paid the premium amount?
As long as the receipt is likewise in joint names, then yes. basketball stars
If it is in joint account then there will be both names on the policy document..
So each may claim 37500/-
So each may claim 37500/-
Yes you can claim
@ Chinnu D M,
Only payer can claim deduction
Only payer can claim deduction
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