Mr robin

of what amount medical policy shud v take fr claiming deduction under sec80D

In that case, a male’s basic exemption limit is Rs. 160000/-…

An Individual /HUF can calim deduction of premium paid on mediclaim claim policy of GIC or any other insurer approved by IRDA.

How ever following should be kept in mind

1 -The amount should be paid by any mode other than cash out of taxable income.

2 - (a) Insurance on the health of the self, spouse, parents or children of the assessee in the case of Individual or (b) Insurance on the health of any member if the assessee is HUF.

Deduction allowed -

100% of premium paid subject to ceiling of (a) Rs. 20,000/- in the case of premium paid in respect of senior citizen (who has attained the age of 65 years or more) and (b) Rs. 15,000/- in other cases.

Hence your brother can pay mediclaim policy upto 15000/- subject to above conditions

Dear vatsalya,

i thing 1,00,000 limitte Under Chapter VIA is only 80C,80CC,80CCD

sadasivareddy is correct.

100% of the amount invested or Rs. 1,00,000/- whichever is less. However, as per Section 80CCE, the total deduction the assessee can claim u/s. 80C,80CCC and 80CCD shall be restricted in aggregate to Rs. 1,00,000/-

thanx to all

vatsalya

U can claim maximum deduction of Rs. 1,00,000 u/s 80C to 80U in any particular year

I am willing to Change my Chartered Accountant Firm, Where i was working as an Article Assistant for more than 2 years

So its a request for Articleship training

Dummy or Practicle training both will be prefered.

Ph. no. 9873135121

i agree with dhirav

 I think dhiruv is correct

Hi !

As per Sec 80CCE .. Deduction is limited upto the extent of Rs. 100000 for the aggregate of payments u/s 80C, 80CCC & 80CCD together ...

Further deduction of rs. 80000 can be availed for payments under other sections as applicable ..

A Person is seeking advice and most of you are giving wrong advice.

some are suggesting to claim 80DD and Some are suggesting to 80 U. do you know 80U deduction is given to a Severe disable person. and 80DD is given if money spent for treatment of disable relative. think positive. dont ever think BAD of your client. 

Some are confuse about limit of 1,00,000.

And some are suggesting 80G saying it investment. its not investment. its donation.

5000, 10,000 BACHANE KE CHAKKAR MEIN 100,000 rs. KHARCH KARVANA CHAHTE HO? its not beneficial.

The following are suggestion:

claim 1,00,000 in 80C, 80CCC, 80CCD.

15000 in 80 D.

Others you can claim on satisfying some conditions are: 80E(for interest of education loan). 80 GG(if you are paying rent).

Also for claiming  deduction you have to make above expenditure/investments in that particular year only upto 31st march. so plan before 31 march come.

I agree with Sashi

Surprized with the replies and suggestions each of the member gave.....

To save is it necessary to shed down money on account of Premiums and bonds, gifts and donations.

Further exhautiveness of Sec 80 C to 80 U is unacceptable.  80C talks on Savings and they are to be made out of the income of the assessee and not borrowings and gifts. 

I STRONGLY SUGGEST TO REDRAFT THE SALARY STRUCTURE SO THAT MORE ALLOWANCES ARE INDUCTED TO THE SALARY THUS THE NET SALARY INCOME IS REDUCED TO MINIMAL..

Hi Vatsalya,

Total Income                                     370000

Basic Exemption for othr ind         160000          210000

Ded u/s 80C                                       100000         110000

Ded u/s 80 D                          10000 / 15000         100000 / 95000

Ded u/s 80 DD                                 

ded u/s 80 g - donations

ded u/s 80 U - disability

In this way you can save your tax

kindly confirm the amounts of deduction