28 February 2012
If mediclaim policy is only my name than maximum deduction of Rs. 15000 is allowed u/s 80d. if the same policy in the name of me and my wife jointly than what is maximum deduction u/s 80d? if i pay more than 15000 than ???
28 February 2012
The maximum deduction in all cases will be Rs. 15000/- but if the policy is taken for your parents , which are senior citizens then the maximum benefit will be Rs. 20000/- in Section 80D. Thanks
CAclubindia
