80d
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2012
Hi,
An employee paid Rs. 43000/- for mediclaim policy as below
1. Rs. 15000/- for self and spouse and kids
2. Rs. 30000/- for dependent father and mother who are senior citizen.
what is the exemptioin to be given either 40000/- or 35000?
please advise
regardes
Nag
An employee paid Rs. 43000/- for mediclaim policy as below
1. Rs. 15000/- for self and spouse and kids
2. Rs. 30000/- for dependent father and mother who are senior citizen.
what is the exemptioin to be given either 40000/- or 35000?
please advise
regardes
Nag
27 July 2012
Dear
15000 is allowable for First Point
and Maximum 20000 for second point.
Total 35000 is allowable.
Hoe your Query is Resolved
15000 is allowable for First Point
and Maximum 20000 for second point.
Total 35000 is allowable.
Hoe your Query is Resolved
27 July 2012
in 80 D. individual can claim 15000/- for mediclaim for himself, spouse and children. He can claim more 15000/- for his parents but if parents are senior citizen then additional 5000 will be allowed. so in your case 15000/- + 20000 (for parents) = 35000 deduction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
