SECTION 80D FOR AY 2019-20

SECTION-80D MEDICAL INSURANCE

A Person (Individual and HUF) can claim Deduction for the payment of Medical Insurance Premium paid during the year.

SECTION-80D MEDICAL INSURANCE

Eligible Person:

  • Self.
  • Spouse
  • Children
  • Parents

Eligible Amount for Deduction:

– For Self and FamilyRs.25000/
– For Self and Family and Parents
(If parents age less than 60Years)
Rs.25000/+25000/
– For Self and Family and Parents
(If parents age more than 60Years)
Rs.25000/+50000/
– For Self (More than 60yrs)and Family and Parents
(If parents age more than 60Years)
Rs.50000/+50000/
  • A individual can also claim up to Rs.5000/ for expenses incurred for preventive health check up in a year.
  •  If premium paid through on line banking, Credit Card, Debit Card, cheque or bank draft than you can claim the payment as deduction otherwise not i.e. cash payment is not allowed for medical insurance premium.
  • Only for preventive health checkup, cash payment made by the tax payer is allowed as deduction up to Rs.5000/

Leave a Reply