Deductions under Section 80D
| Description |
Medical Insurance Premium paid for |
Total Deduction^ under Section 80D |
|
Self, Spouse and Dependent Children |
Parents (whether dependent or not) |
|
| No one has attained the age of 60 years |
₹ 25,000 |
₹ 30,000 |
₹ 50,000 |
| Assessee and his family is less than 60 years and parents are above 60 years of age |
₹ 25,000 |
₹ 30,000 |
₹ 55,000 |
| Assessee and his parents have attained the age of 60 years and above |
₹ 30,000 |
₹ 30,000 |
₹ 60,000 |
Note: You cannot claim premiums paid for your in-laws, brothers, or sisters.
^Tax deductions under Section 80D is as per applicable provision of the Act (including any amendments thereto) and are subject to changes in the tax laws. Source: http://incometaxindia.gov.in/
Mode of payment
Except cash, any mode of payment is acceptable for claiming deduction under Section 80D.
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