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Exemption u/s 80D

05 September 2020

I am a senior citizen. I have health insurance premium of Rs 30000 and medical exp. bill of Rs 40000. what amount I can claim u/s 80D

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1 Replies

Aman Verma (209 Points)
Replied 06 September 2020

Being a senior citizen you can claim deduction of 50000 + 5000(preventive health checkup)
now in your case you can claim 30000 as ded under 80D or if you have incurred any expenses on health check you canclaim that max 5000 but the medical expenditure incurred cannot be claimed as deduction as according to amendments made in finance Act 2018 only those senior citizen who dont have medical insurance can claim the medical expenditure those who have insurance cannot claim such benefit .