25 November 2011
hello sir, i want 2 know what ia maximum deduction to an individual including his parents(senior citizens) u/s 80 D from taxable income.
25 November 2011
It is Rs15000/-Plus 15000/- for parents (RS 15000/- shall be substituted by 20000/- if for Senior Citizen, as per Income Tax Act, 1961 i.e Resident Plus attains the age of 65 at any time during the previous year)
CAclubindia
