15 July 2010
Amount Of deduction : Two type of Deductions are available to Individuals under this section from Assessment year 2009-10
Deduction on Medical insurance premium paid for himself,spouse,dependent children =Rs 15000 maximum. Deduction on Medical insurance premium paid for parents ,whether dependent on assesee or not =Rs 15000 maximum
Addition deduction for Resident Senior Citizen:In addition to two point above, additional deduction of Rs 5000 is available where assessee or his spouse (wife or husband) or dependent parents or any member of the family in case one and father or mother is a resident in India and a senior citizen in case two
For Better understanding on 80D Deduction, Check this link >
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