80d
This query is : Resolved
23 April 2009
Can anybody clarifiy as what is the the outer limit of rebate u/s 80 d for instance …can a individual claim a deduction upto Rs.15000 for self & spouses & addtionally Rs20000 for dependent parents who are senior citizens.
23 April 2009
from the assessment Year 2008-09 deduction u/s 80D is as follows:
1. Medical insurance Premium paid to the maximum of Rs. 15000 (or Rs. 20000 if insured person is senior citizen) in respect of the individual himself, spouse and dependant children of individual
AND
2.Medical insurance Premium paid to the maximum of Rs. 15000 (or Rs. 20000 if insured person is senior citizen) in respect of parents of individual.
in Gist The deduction is 15000( or Rs. 20000) for parents and Rs. 15000 (Rs.20000) for other relative.
1. Medical insurance Premium paid to the maximum of Rs. 15000 (or Rs. 20000 if insured person is senior citizen) in respect of the individual himself, spouse and dependant children of individual
AND
2.Medical insurance Premium paid to the maximum of Rs. 15000 (or Rs. 20000 if insured person is senior citizen) in respect of parents of individual.
in Gist The deduction is 15000( or Rs. 20000) for parents and Rs. 15000 (Rs.20000) for other relative.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Legal heir raised refund , but refund issued to the closed account of deceased.
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Offsetting interest income against derivative trading losses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
