Tax Deduction in case of Mediclaim premium paid

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Nilesh

Trader

32 Points Posted on 23 February 2009

Dear,

I am a salaried class employee. I have paid Rs. 25000/- towards mediclaim policy which covers myself, my wife, dependent child, my parents. This is a composite policy covering all the persons mentioned above in one policy. (Parents are senior citizen)

Kindly tell me how much deduction I can claim.

Reply is expected at the earliest

Replies (4)

LAXMIKANT JAIPURKAR

Practicing Company Secretary/Tax Consult

251 Points Posted on 24 February 2009

As per the various provisions deduction of Rs. 15000/- is available for the taxpayer, spouse and dependent and another Rs.15,000 separately for parents. And if your parents are senior citizens, this limit is Rs.20,000. In your case, you can claim for Rs.25,000/-. No problem.

CA CS VINAYAK PATIL

CHARTERED ACCOUNTANT

658 Points Posted on 24 February 2009

Originally posted by :Nilesh
"	Dear, I am a salaried class employee. I have paid Rs. 25000/- towards mediclaim policy which covers myself, my wife, dependent child, my parents. This is a composite policy covering all the persons mentioned above in one policy. (Parents are senior citizen) Kindly tell me how much deduction I can claim. Reply is expected at the earliest	"

If in your family any person is above 65 years of age then you shall claim Rs. 20000/- as Mediclaim Deduction

Sanjay

Service

26 Points Posted on 05 March 2009

I am covered under Group medical Insurance by company , however i have taken higher coverage by paying excess premium, can i claim deduction for this excess premium under sec 80D and if so what would be the proof required,

KUNAL MUKHERJEE

Vice President

22 Points Posted on 09 March 2009

Originally posted by :LAXMIKANT JAIPURKAR

Please tell me under which clause of Section 80D am I permitted to claim mediclaim premium relief of upto Rs.15000 for myself & family PLUS additional upto Rs.20000 for my senior citizen parents ? Is this applicable for returns of AY 2009-10 ?

Regards

encl : Sec 80D for reference