Mediclaim policy of 2 years
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2014
I purchase a health policy of two years in Jan 2014 by paying Rs.19,224. Policy is for self and wife valid till Dec 2015.
How much deduction I get in AY 2014-15 and AY 2015-16?
How much deduction I get in AY 2014-15 and AY 2015-16?
16 July 2014
You will get deduction of Rs 15000 in AY 2014-15 under section 80D. No deduction in AY 2015-16.
16 July 2014
you take deduction in year in which you pay the premium up to Rs.15000/-
16 July 2014
Deduction U/S 80C is available on payment basis. But limit of deduction upto Rs.15000 is applicable.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2015
Thanks for response but section is 80D and not 80C as advised by expert
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