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Can i claim both medical premium and medical expenditure

aakash (learner) (29 Points)

05 January 2016

help me , i want to know :

can i claim both medical premium and medical expenditure ?

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9 Replies

Jaspal Singh (Practising CA) (449 Points)
Replied 05 January 2016

No,you cannot claim medical expenditure unless there are reasons attributing it exclusively to your business.

Premium paid could be claimed u/s 80D.

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CMA Poornima Madhava (CMA) (13112 Points)
Replied 05 January 2016

Premium on medical insurance can be claimed u/s 80D as said by Jaspal. In addition, you can claim reimbursement of medical expenditure up to Rs.15,000 pa if salaried.

varsha (student) (69 Points)
Replied 05 January 2016

I also agree with poornima madhava.

varsha (student) (69 Points)
Replied 05 January 2016

I also agree with poornima madhava.

CA Pallav Singhania (IT System Auditor) (33262 Points)
Replied 05 January 2016

Agreed with above solution..

Yup, One is deduction and another is allowance allowed upto Rs.15000.

You can go thru this /forum/10-ultimate-tax-saving-tips-for-salaried-345040.asp

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M ANIL KUMAR (CA-Ipcc) (24 Points)
Replied 05 January 2016

A. Premium on medical insurance can be claimed u/s 80D . B. In addition, you can claim reimbursement of medical expenditure up to Rs.15,000 pa if salaried.

Sathish M (Management Accountant) (40581 Points)
Replied 06 January 2016

Medical reimbursement is allowed as an exemption on actual production of bills to the employer up to Rs. 15,000. The medical insurance premium incurred is eligible for deduction under section 80D, to the extent of limits permitted.