Overall limit for Deduction U/s 80 D

This query is : Resolved

Naveen Kumar (Querist)
Follow

31 December 2008 Hi! All

I have some doubt agst. exemption limit under section 80 D
It is written in various books that the limit is Rs 15000/- P.a and Rs. 20000/- in case of senior citizens.

Please tell me if the assesse has separate insurance policies for himself and his parents, then can he claim separate deduction on the mediclaim policy of his parents. I saw in google search that the overall limit is Rs. 35000/-

Please clarify me in this doubt.

Thanks & Regards
Naveen Sharma

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

31 December 2008 Yes from A.Y. 2009-10, there is a change in section 80D.

Now you will allowed deduction in respect of yourself, spouse and dependent childen for Rs. 15000 and addtional 5000 in case of senoir citizen.

+

In respect of your parents 15000 and addional 5000 in case of sr. citizen.

Naveen Kumar

Naveen Kumar (Querist)
Follow

05 January 2009 Thanx Sir! You have cleared my doubt.

Thanx agains
Naveen Sharma

Upgrade to CAclubindia Pro. Subscribe Now!