Nilesh (Trader) (61 Points)
23 February 2009Dear,
I am a salaried class employee. I have paid Rs. 25000/- towards mediclaim policy which covers myself, my wife, dependent child, my parents. This is a composite policy covering all the persons mentioned above in one policy. (Parents are senior citizen)
LAXMIKANT JAIPURKAR
(Practicing Company Secretary/Tax Consultant)
(403 Points)
Replied 24 February 2009
As per the various provisions deduction of Rs. 15000/- is available for the taxpayer, spouse and dependent and another Rs.15,000 separately for parents. And if your parents are senior citizens, this limit is Rs.20,000. In your case, you can claim for Rs.25,000/-. No problem.
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 24 February 2009
| Originally posted by :Nilesh | ||
| " | Dear, I am a salaried class employee. I have paid Rs. 25000/- towards mediclaim policy which covers myself, my wife, dependent child, my parents. This is a composite policy covering all the persons mentioned above in one policy. (Parents are senior citizen) Kindly tell me how much deduction I can claim. Reply is expected at the earliest |
" |
If in your family any person is above 65 years of age then you shall claim Rs. 20000/- as Mediclaim Deduction
Sanjay
(Service)
(26 Points)
Replied 05 March 2009
I am covered under Group medical Insurance by company , however i have taken higher coverage by paying excess premium, can i claim deduction for this excess premium under sec 80D and if so what would be the proof required,
KUNAL MUKHERJEE
(Vice President)
(23 Points)
Replied 09 March 2009
| Originally posted by :LAXMIKANT JAIPURKAR | ||
| " |
As per the various provisions deduction of Rs. 15000/- is available for the taxpayer, spouse and dependent and another Rs.15,000 separately for parents. And if your parents are senior citizens, this limit is Rs.20,000. In your case, you can claim for Rs.25,000/-. No problem. Please tell me under which clause of Section 80D am I permitted to claim mediclaim premium relief of upto Rs.15000 for myself & family PLUS additional upto Rs.20000 for my senior citizen parents ? Is this applicable for returns of AY 2009-10 ? Regards encl : Sec 80D for reference |
" |
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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