13 August 2014
Employee is seniour citigen he pay Amount for medicalim for his family RS 17184/ He will get rebate Rs 15000/ or 17184/-under Secion 80D. Applicable Maximum limit is 15000 or 20000/-Please advice.
13 August 2014
If mediclaim policy covers the assessee himself and his family then the limit of deduction will be Rs. 20000/-. On the other hand if the policy was taken only on family members and none of the family members are senior citizens then applicable limit will be Rs. 15000/- only.