Exemption on mediclaim reg

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2012
We are making payment of Rs.15000/- as medical reimbursement and also giving the exemption Rs.15000/- for medical Insurance payments u/s 80D. Is it clear or any amendments are made from f.y 2011-12. At the time of Income tax return limit is showing as Rs.35000/- why? please give your valuable suggestions

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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31 July 2012 Medical reimbursement Rs.15000 will not reflect anywhere in Income tax return of Individuals

In Income tax return section 80D will show maximum of Rs.35000/- for the limit of following

1. Own & spouse & children - Maximum Rs.15000
2. Parents - Rs.15000 ( but senior citizen Rs.20000)

so maximum allowable deduction Rs.35000 under this section. so ITR allowing the same.

but while putting the figure you need to calculate correctly and mention