Can anybody suggest me for the below details : I am single Female individual have been paying premium of my mother every year. Do I eligible for the premium amount paid for tax exemption from taxable income.
26 September 2008
no u can not take such benefit, as per section 80C lic premium paid only for self, spouse & children is allowed as deduction. however if u are paying her medical insurance premium & she is dependend on u, then u can take deduction u/s 80D