02 April 2011
Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000.
In case any of the persons specified above is a senior citizen (i.e. 65 years or more as of end of the year) and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000.
Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 15,000. In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 20,000.
02 April 2011
Assesse Rs.15000/- or Rs.20000/- if you are senior citizen (incl. of spouse,children,dependent parents, members of huf) Additional deduction of Rs. 15,000/- on health insurance premium paid for his/her parents.(Rs. 20,000 in case of senior citizen)
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