Sec 80d exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 Hello Experts,
Please clarify....1) how much maximum deduction can be claimed u/s 80D...2) how much maximum deduction can be claimed in case of senior citizen u/s 80D

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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11 April 2016 For Ay 2016-17, self and spouse you can claim Rs.25000/- and senior upto Rs.30000/- Total Rs.55000/- (you can claim uninsured medical expenditures upto Rs.30000/- super senior citizens above 80 years )

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 Self and spouse both can claim only 25000 exemption.. assume Mr. X has paid Rs. 50000 medical premimum for 5 member self & spouse and 3 children... im this case how deduction mr. X can claim

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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11 April 2016 if it is in single policy then only Mr. X can claim 80D Deduction.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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11 April 2016 You can claim maximum Rs.25000/-

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 But in your earlier reply you have pointed out we can claim upto 55000

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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11 April 2016 Kaviraja sir has give full details about deduction ..!!!

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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11 April 2016 Rs. 25000/- is for non senior and Rs. 30000/- is for senior citizen deduction. you have to pick one in case of single policy.

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Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 Ok Rs. 25000 for single policy...
assume mr. X has paid Rs. 1 lakh for 10 policy all policy pertaining to his depanded family member.
in this case how much deduction Mr. X claim

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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11 April 2016 Now here you can avail on maximum deduction allowed which Rs. 30000/- for senior citizen.

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 but here all the member are below the 60 not senior citizen

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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11 April 2016 You can claim maximum Rs.25000 for you and your dependent.

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Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 Sir... A individual can claim only 25000 maximum deduction No matter weather he has paid only one policy of 25000 or paid for more than one policy.... right,

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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11 April 2016 Yes Right Sir Max. upto 25000/- if below 60 age.

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2016 Assume i have paid Rs. 50000 medical premium for my 5 family member, one out of five is senior citizen, in that case how much max. Deduction can i avail,

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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12 April 2016 This is for you forget everything what we have talk earlier
1. If you have invested in Medical premium of floater plan means single plan including dependent and if you are below 60 then Rs. 25000/- max. deduction or above 60 then 30000/- max. deduction.
2. If you have invested in Medical Premium of floater plan more than 1 policy then you have to take your individual policy as above point no. 1 and other policy (as which is only for dependent family members) you can also claim deduction as point No.1
So. for more than one policy your deduction will be if below 60 25000+25000=50000/- or you below and dependent above 60 then 25000+30000 = 55000/-

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2016 I am confused that as there is 5 dependent member one myself, spouse, four children
Total 6 member, assume i have paid Rs.20000 for each member policy that means total 120000/- my doubt is can i claim 25000 or each policy i mean total 120000 deduction can be avail or only 50000,