Mediclaim premium

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2014 If a person pays Mediclaim Premium of Rs.30000 for self, Rs.35000 for his wife and Rs.30000 for his father who is a senior citizen. How much deduction can he get under section 80D?

AVTAR SINGH

AVTAR SINGH (Expert)
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06 February 2014 Total deduction u/s 80D would be for Rs.35,000.

Rs. 15000 for self/spouse (presuming they are not senior citizens) plus 20000 for parent (senior citizen).

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2014 Thanks for the prompt reply..would the answer be same if the person and his wife have different policies ?

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AVTAR SINGH

AVTAR SINGH (Expert)
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06 February 2014 Yes, the deduction would be same. But, wife can claim separate deduction if she is paying the premium.

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2014 So, in any case the deduction can't exceed Rs.15000?

AVTAR SINGH

AVTAR SINGH (Expert)
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