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80d insurance

MURALIDOSS (INCOME TAX PRACTITIONER) (1329 Points)

05 July 2018

SIR,

HUSBAND AND WIFE BOTH ARE ASSESSEES, NOW BOTH OF THEM PAY HEALTH INSURANCE PREMIUM.

NOW WIFE HAS NO TAXABLE INCOME,

HUSBAND CAN CLAIM BOTH INSURANCE PREMIUM U/S.80D?

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3 Replies

Ravi SADhiyan (Practice) (4510 Points)
Replied 05 July 2018

Originally posted by : MURALIDOSS
	SIR, HUSBAND AND WIFE BOTH ARE ASSESSEES, NOW BOTH OF THEM PAY HEALTH INSURANCE PREMIUM. NOW WIFE HAS NO TAXABLE INCOME, HUSBAND CAN CLAIM BOTH INSURANCE PREMIUM U/S.80D?

YES

Deduction in respect of health insurance premia.

80D. (1) In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted such sum, as specified in sub-section (2) or sub-section (3), payment of which is made by any mode as specified in sub-section (2B), in the previous year out of his income chargeable to tax.

(2) Where the assessee is an individual, the sum referred to in sub-section (1) shall be the aggregate of the following, namely:—

(a) the whole of the amount paid to effect or to keep in force an insurance on the health of the assessee or his family or any contribution made to the Central Government Health Scheme or such other scheme as may be notified by the Central Government in this behalf or any payment made on account of preventive health check-up of the assessee or his family as does not exceed in the aggregate twenty-five thousand rupees; and*

(b) the whole of the amount paid to effect or to keep in force an insurance on the health of the parent or parents of the assessee or any payment made on account of preventive health check-up of the parent or parents of the assessee as does not exceed in the aggregate twenty-five thousand rupees;

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Anjali P Nair (ACA,ACMA) (582 Points)
Replied 05 July 2018

No.Premium paid by spouse for her own mediclaim policy cannot be taken by Husband.

Only the person making payment in any mode other than cash can claim 80 D benifit.

Premium paid by the individual assessee for the medical benifit of himself and his family(spouse,dependent children & parents) can be claimed under section 80 D.