What shall be the deduction allowable under section 80D in the following case:
Medical insurance premium paid by cheque-
- For self, spouse and dependant children Rs. 35,000
- For father aged 62 years Rs. 3,500
- For mother aged 58 years Rs. 27,000
Is the answer Rs. 55,000 (i.e. 25,000+30,000) or Rs. 53,500 (i.e. 25,000+28,500)?
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