09 March 2009
Sec. 80D is a deduction for medical insurance premium Ceiling Limit is 1) Rs.15000/- for Assessee and his/her spouse, dependant parents and dependant childrens OR Rs.20000/- if Premium paid for all or any of above who are above the age of 65 yrs (i-e Senior citizen) 2) if Premium paid by Assessee is for Parents who are senior citizen then he is eligible for additional deduction of Rs.15000/-
CAclubindia
