Shivani (Learner) (1881 Points)
28 August 2015Dear Members
Strange Problem
I am filing return of senior citizen by choosing Quick File E-Return option on the efiling website.
when i put under section 80D, Rs. 26302, the system is accepting 26302 whereas it shoule be restricting the amount to Rs. 20000 in teh case of a senior citizen. Why is it doing so ?
Also i need to know if a senior citizen has two health insurance policies then can he get maximum of 40000 deduction under section 80D.
regards
Anmeet Singh
(Student)
(109 Points)
Replied 29 August 2015
S. Shiroor
(Others)
(1207 Points)
Replied 29 August 2015
AY 2015-16 :- Under 80D 15000 for normal Citizen and senior citizen 20000
AY 2016-17 :- Under 80D 25000 for normal Citizen and senior citizen 30000
In Budget 2015 it has been increased which valid for investment during Fy 2015-16 [AY 2016-17]
I hope this is crystal clear
Shivani
(Learner)
(1881 Points)
Replied 29 August 2015
Dear Anmeet and Shiroor
I think both of you didnt get my question.
i know for senior citizen limit is 20000 for AY 15-16.
But the system is accepting 26302 and NOT limiting it to 20000.
My question was that why it was not limiting it to Rs. 20000.
Anyhow i got the answer after i studies section 80D from the Act.
the reason system is accepting more than rs 20000 in case of a senior citizen is because if a senior citizen also has parents and he has taken health insurance policy in respect of his parents also then he is allowed maxium 35000 if his parents are less than 60 and 40000 if his parents are more than 60.
thats why system accepting more than 20000 but in no case it will accept more than 40000.
regards
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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