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Section 80D of income tax

VINIT AGARWAL (Article) (105 Points)

12 July 2011

CAN ANYONE TELL ME, IF ANY INDIVIDUAL PAYS MEDICAL INSURANCE FOR HIMSELF(NOT SENIOR CITIZEN) AND FOR HIS PARENTS (SENIOUR CITIZEN) THEN HOW MUCH MAXIMUM DEDUCTION WE CAN CLAIM. PLEASE EXPALAIN ITS URGENT

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Sumit Grover (Chartered Accountant ) (3652 Points)
Replied 12 July 2011

in accordance with section 80D of income tax act deduction will be as follows:

for himself-- upto Rs. 15000

for (senior citizen)parents- upto Rs. 20000

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Rounak Chawla (CA Final Student) (291 Points)
Replied 12 July 2011

Originally posted by : sumit grover
	in accordance with section 80D of income tax act deduction will be as follows: for himself-- upto15000 + for (senior citizen)parents- upto20000