07 April 2016
From AY 2016-17. 80D deduction for self and spouse increased from Rs.15000 to Rs 25000 and for Parents from Rs.20000 to Rs 30000/- Total benefit increased from Rs.35000 to Rs 55000u/s 80D.
07 April 2016
Maximum deduction can be claimed u/s 80D is as follows - For self,spouse, For parents Total dependent children For no-one attained the age of 60 years - Rs 15,000 15000 30000 Assessee and his family under 60 and parents above 60 years 15000 20000 35000 Assessee, his family and parents attained the age of 60 years and above - 20000 20000 40000
07 April 2016
For parents For no-one attained the age of 60 years 15000 Assessee and his family under 60 and parents above 60 years 20000 Assessee, his family and parents attained the age of 60 years and above - 20000