22 February 2024
1. 80D allows deduction upto 25k for mediclaim of assessee and family and 50k separately for senior citizen parents of assessee. Now often many assessees take single mediclaim policy covering both in one policy, where separately amount for parents and family is not available. How to take deduction for the same? 2. Also if apart from these if assessee has another policy as well in which only family is covered and not parents, what limits would be applicable?
22 February 2024
80D deduction Up to ₹25,000 paid for self, spouse, dependent children or parents. Up to ₹50,000 if family or your parents are senior citizens (60 years and above)
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