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  • 07
  • 2015

Deduction U/s 80D for Mediclaim Insurance Premium

Article ID 12163 | Posted In Income Tax | , | 139 Comments » Print Friendly and PDF

CA Sandeep Kanoi

CA Sandeep KanoiDeduction U/s 80D for Mediclaim Premium to Individual, HUF, Senior Citizens

Deduction in respect of Medical Insurance Premium (Mediclaim) paid to keep in force insurance by individual either on his own health or on the health of spouse, dependent parents and children or HUF on the health of any members of the family. A Mediclaim policy is a must because should you fall sick or meet with an accident, your medical bills could wipe out your savings.

Features of Mediclaim policy

1. Premium based on Age: – As in term insurance, the premium rates will vary among the insurers and will also depend on your age. The older you are, the heftier the premium. For instance, Mediclaim policy from General Insurance Corporation has a fixed premium till 35 years and then it changes in 10-year slabs.

Health2.    Who is it available to?

  • Individual (resident or non resident, Indian Citizen or foreign citizen):- In case an individual is taking the deduction, the medical insurance policy can be taken in the name of any of the following: the taxpayer or the spouse, parents or dependent children* of the taxpayer.
  • HUF (Hindu undivided Family may be resident or non resident) :- In case a HUF is taking the deduction, the medical insurance policy can be taken in the name of any member of the family.

Note

  • Dependent Children (i.e. legitimate or legally adopted children).  Children above 18 years, if employed, can not be covered. Male children, if not employed, but a bonafide student can be covered upto age of 25 years. Female children, if not employed, can be covered until the time she is married.
  • parents of Individual  – parents need bot be dependent on the Assessee.

3. Entry Age: This insurance is available to a person between the age of 18 to 59 years.  However, the Policy can be renewed upto the age of 80 years.

a) Children above the age of 3 months can be covered provided parents are covered concurrently and suitable premium is paid. If the child above 18 years is employed or if the girl child is married, he or she shall cease to be covered under the policy. However male child can be covered upto the age of 25 years if he is a bonafide regular student and fully dependent on primary insured. Female child can be covered upto the time, she is unmarried.

b) If the insured has taken continuous Mediclaim insurance policy with us for at least 5 years prior to attaining the  age of 80 years the policy can be renewed beyond the age of 80 upto  the age of 90 years as a special case with the approval of Regional Incharge on case to case basis. The premium chargeable shall be 10% of the premium for 75-80 years age slabs for  proposers above 85 and 20% of the premium for 75-80 age slabs for proposers above 90.

c) No inclusion of family member during currency of policy is permissible except for a new born child between the ages of 3 months to 6 months and newly married spouse within 60 days of marriage.  Otherwise inclusion of family member shall be allowed only at the time of renewal. Prorata premium shall be charged for such inclusion during the currency of the policy for the unexpired period.

4. Sum Insured: Minimum sum insured shall be Rs 50,000/- and can be increased in multiples of Rs 25,000/-upto Rs 5 lacs.  The sum insured must be identical for primary insured and the dependents. However, the children may be covered for 50% Sum Insured as per 4 above.

5. Payment of Mediclaim Premium out of taxable Income:- The amount must have been paid using the taxpayer’s income chargeable to tax.

6. In addition to deduction u/s, 80C, 80CC and 80CCD,:- This is an additional deduction available which do not include deduction  u/s 80C, 80CCC and 80CCD for which overall limit is  is Rs. 1,50,000 (Rs. 1 Lakh upto A.Y. 2014-15).

7. Partly contribution: If part payment is done by you and part payment by the parent, both can claim deduction to the extent of their contribution subject to maximum allowed but amount should be paid directly to insurance company and paid through mode other than by cash.

8. Mode of payment: The premium may be paid by any mode of payment other than cash. Note prior to 1st April 2009, premium payment was required to be done only by cheque. Credit card or other online payment mechanism where not allowed. Now all payment modes except cash payment are accepted.

9. Which Mediclaim Premium is allowed? : – Mediclaim premium paid under Medical insurance scheme of General Insurance Corporation approved by the Central Government, or any other insurer approved by the Insurance Regulatory & Development Authority (IRDA).

10.  Proposer of the policy is not must: The premium is to be paid to effect or keep in force insurance policy, there is no condition that assessee should be the proposer of the policy.

11.  Part contribution: Assessee can  partly contribute the premium amount but amount should be paid directly to insurance company and paid through mode other than by cash (see example)

12.  What is the amount of the deduction?

For Individual

  • Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000. In case any of the persons specified above is a senior citizen (i.e. 65 years or more as of end of the year up to F.Y. 2010-11 and 60 years from F.Y. 2011-12) and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000.
  • Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 15,000. In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 20,000.

For HUF

  • Mediclaim premium paid for any member of the HUF. Maximum deduction Rs 15,000. In case any member of the HUF covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 20,000.

Recommended Post- Budget 2015-Section 80D- Hike in Deduction Limit for Mediclaim

EXAMPLE- 1
1. An individual assessee pays (through any mode other than cash) during the previous year medical insurance premia, out of his taxable income, as under:

(i) Rs 12,000/- to keep in force an insurance policy on his health and on the health of his wife and dependent children;

(ii) Rs 17,000/- to keep in force an insurance policy on the health of his parents.

Under the new provisions he will be allowed a deduction of Rs 27,000/- (Rs. 12,000/- + Rs. 15,000/-) if neither of his parents is a senior citizen. However, if any of his parents is a senior citizen, he will be allowed a deduction of Rs 29,000/- (Rs.12,000/- + Rs.17,000/). Whether the parents are dependent or not, is not a consideration for deciding the deduction under the new provisions.

Further, in the above example, if cost of insurance on the health of the parents is Rs 30,000/-, out of which Rs 17,000/- is paid (by any non-cash mode) by the son and Rs 13,000/- by the father ( who is a senior citizen), out of their respective taxable income, the son will get a deduction of Rs 17,000/- ( in addition to the deduction of Rs 12,000/- for the medical insurance on self and family) and the father will get adeduction of Rs 13,000/-.

EXAMPLE 2

An individual assessee pays through credit card during the previous year health insurance premium as under:

  1. Rs. 12,000 to keep in force an insurance policy on his health and on the health of his wife and children
  2. Rs. 17,000 to keep in force an insurance policy on the health of his parents.

Under the proposed new provisions, he will be allowed a deduction of Rs. 27,000 (Rs. 12,000 + Rs. 15,000) if neither of his parents is a senior citizen. However, if any of his parents is a senior citizen, he will be allowed a deduction of Rs. 29,000 (Rs. 12,000 + Rs. 17,000). Whether the parents are dependent or not, is not a consideration for deciding the deduction under Section 80D.

EXAMPLE- 3

Question:- In the last budget, the finance minister announced exemptions for Mediclaim charges paid for senior citizens. However, I am not sure if it has yet been notified and effective. I need to take medical insurance for both my parents, who are senior citizens. I would appreciate if you can let me know.

Answer:-  Earlier Sec 80D deduction in respect of medical insurance premium was Rs 15,000 for an individual and Rs 20,000 for a senior citizen. However, from this year, if someone were to buy medical insurance for his parent/s, an additional deduction of Rs 15,000 (over and above Rs 15,000) will be available. If such parent/s were senior citizen, the additional deduction would be Rs 20,000. So a person insuring himself, his spouse, children and parents could potentially get a deduction of Rs 35,000. This provision is effective from 1.4.08.

EXAMPLE- 4

Can I pay mediclaim on behalf of my mother-in-law and claim deduction under Section 80D of the Income Tax Act?

An individual is allowed to claim deduction under Section 80D when the policy is taken on the health of the assessee, his spouse, parents (dependent or not) and dependent children. Accordingly, you cannot claim the deduction under Section 80D in respect of mediclaim paid for your mother-in-law.

Appendix: Section 80D of the Income Tax Act

Deduction in respect of medical insurance premium.

80D. (1) In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted such sum, as specified in sub-section (2) or sub-section (3), payment of which is made by any mode, other than cash, in the previous year out of his income chargeable to tax.

(2) Where the assessee is an individual, the sum referred to in sub-section (1) shall be the aggregate of the following, namely:

(a) the whole of the amount paid to effect or to keep in force an insurance on the health of the assessee or his family as does not exceed in the aggregate fifteen thousand rupees; and

(b) the whole of the amount paid to effect or to keep in force an insurance on the health of the parent or parents of the assessee as does not exceed in the aggregate fifteen thousand rupees.

Explanation.For the purposes of clause (a), family means the spouse and dependant children of the assessee.

(3) Where the assessee is a Hindu undivided family, the sum referred to in sub-section (1) shall be the whole of the amount paid to effect or to keep in force an insurance on the health of any member of that Hindu undivided family as does not exceed in the aggregate fifteen thousand rupees.

(4) Where the sum specified in clause (a) or clause (b) of sub-section (2) or in sub-section (3) is paid to effect or keep in force an insurance on the health of any person specified therein, and who is a senior citizen, the provisions of this section shall have effect as if for the words fifteen thousand rupees, the words twenty thousand rupees had been substituted.

Explanation.For the purposes of this sub-section, senior citizen means an individual resident in India who is of the age of sixty-five years or more at any time during the relevant previous year.

(5) The insurance referred to in this section shall be in accordance with a scheme made in this behalf by

(a) the General Insurance Corporation of India formed under section 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972) and approved by the Central Government in this behalf; or

(b) any other insurer and approved by the Insurance Regulatory and Development Authority established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999).]

FAQ on Mediclaim-

1.Why is deduction u/s 80D allowed?

The deduction is allowed for

1. buying medical insurance , popularly known as Mediclaim policy.

2. Keeping in effect a medical insurance already bought.

2. How much deduction available?

1. If Mediclaim is bought for any person other than person having Aged 60 years or more , then Rs 15,000.

2. If Mediclaim is for person having 60 years or more , Rs 20,000.

3. Who can claim deduction?

Individual and HUF making payments for medical insurance.

1. Individual can claim for self, wife, children and parents.

2. HUF can claim for Mediclaim policy on members.

4. What should be mode of payment of insurance premium?

Any mode other than cash will make one eligible for deduction u/s 80D.

5. If office deducts salary for medical insurance for employee and his family , whether the employee can claim deduction u/s 80D?

Yes, for the fact that the mode of payment is any ,other than cash, and It is employee who paid for himself or his family’s insurance.

Get a certificate from the employer regarding deduction of amount for medical insurance purpose.You can claim to the extent the dedcution has been made by the employer for medical insurance subject to maximum RS 15,000

6.If an individual buys Mediclaim for himself and for his parents exceeding 60 years, how much can he claim as deduction?

Good question.  Subsection 2 of section 80D provides as under

(2) Where the assessee is an individual, the sum referred to in sub-section (1) shall be the aggregate of the following, namely:

(a) the whole of the amount paid to effect or to keep in force an insurance on the health of the assessee or his family as does not exceed in the aggregate fifteen thousand rupees; and

(b) the whole of the amount paid to effect or to keep in force an insurance on the health of the parent or parents of the assessee as does not exceed in the aggregate fifteen thousand rupees.

It is clear that an individual can claim deduction up to Rs 35,000 for medicalim insurance , if he makes insurance for his family and any parents exceeding 60 years.

7. Can somebody having invested the amount from income exempt from tax or by taking loan, claim deduction u/s 80D?

No as per opening line in the section 80D , the payment should be only out of income chargeable to tax. Read the opening line :

80D. (1) In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted such sum, as specified in sub-section (2) or sub-section (3), payment of which is made by any mode, other than cash, in the previous year out of his income chargeable to tax.

8. Can you get deduction u/s 80D for Overseas Mediclaim policy?

Yes, in author opinion , there in nothing in the provision u/s 80D which prohibits claim of deduction u/s 80D for medical insurance for overseas journey. The only requirement, as given in section 80D(5) is that the insurance companies issuing such overseas insurance should be one of these

(5) The insurance referred to in this section shall be in accordance with a scheme made in this behalf by

(a) the General Insurance Corporation of India formed under section 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972) and approved by the Central Government in this behalf; or

(b) any other insurer and approved by the Insurance Regulatory and Development Authority established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999).

Image courtesy of ddpavumba at FreeDigitalPhotos.net

(Article was First Published on this Website on 06.09.2009 and Republished  with Amendments in the Article)


  • Sonal Thakur

    We have introduced group medicalaim policy to our employees. Here emplyer is paying 60% premium amount and 40% is paid by employee itself. Can you just clarify is that 60% paid by emplyer are exumpted under Income tax Act.

  • Baraneedharan S

    Hi

    I’ve paid the Medical Insurance premium for 2 years and availed the policy in the month of Nov, 2014.
    Period of policy – Nov, 2014 to Nov, 2016,
    Premium – 49K.

    Last year, I have taken the benefit of 24.5K.

    Will I be in a position to claim this year the balance?

    Pls advice.

  • Mr Ravindra N Adke

    My daughter wishes to take a mediclaim policy of Father54 Mother49 DaughterSelf25
    Sister23 Brother14 amounting to Rs48,000/- How much deduction will she get under Section 80D.

    My daughter wishes to take a mediclaim policy of my(Father) Father-in-law79 Mother-in-law73amounting to Rs48,000/- Can she get deduction under Section 80 D. How much deduction will she get under Section 80D.

  • ashish

    Hi

    Incase both Husband and wife works and have one medical insurance policy for family(premium is 20000/- per year paid by Husband )
    Can both Husband and wife claim 20000/- each for tax exemption ?? or only one either wife or husband can claim ??

    thanks
    Ashish

  • MANOJ KUMAR

    Mr. A senior citizen about 61 Years old. He has taken medi claim for Rs. 13500/- and another of his wife for Rs. 17000/-. can we claim upto 20000/- for the assessment year 2015-16 u/s 80D.
    Please advise me

  • Hari

    Hi

    I am planning to take a medi-claim policy for my parents alone (Senior citizens) for Rs 20,000.00
    Can i claim under 80D?

  • Samarth Patel

    I have paid premium of rs.36000 in cash for mediclaim in New India Assurance which is a government company, will i get deduction?

  • Vikas

    Hi,

    My employer arranger Group Medical Insurance from one of the renowned General Insurance Company. I took medical insurance for myself , spouse and parents. Premium of 12500/- got deducted from my salary. But Insurance company is denying 80D certificate. Am i eligible for 80 D deduction for this premium..?

  • D.H.Krishna Prasad

    I am Salaried Person In Private Organisation.

    In the Income Tax returns Medical Expenses Showing Under Sec 80 D .

    The amount paid for medical benefit includes Service Tax.

    I want to show the amount for Income tax returns, which amount to be shown (with/without Service tax)

    Which Section/Part will it be given.

    Please clarify my doubt and give the information

  • Pooja Grover

    If i have incurred some medical expenses. and i give the bills to the insurance company for reimbursement. the insurance company reimburses me the same ammount. is that amount recieved taxable????

  • bpgupta

    My Son has a family floater mediclaim policy of Sum Assured 6 lacs,Annual Premium 37870 where My Wife 61 and Myself 58 are dependent.
    I want to know how much deduction in INCOME TAX He will get as he is paying for himself and parents also.

    If I employed will pay Half of it, will Me and my son both can Get Rebate of Rs 15000 under section 80D

  • sg

    Hi

    I have paid premium for two years. Can I deduce it in two subsequent years? In other words, I have paid premium in advance in 2013 for the policy of 2014. Can I claim deduction in 2014?

  • ANKIT KAPOOR

    i wanna do consolidated mediclaim for my Mother,Father and My self also
    may i take exemption of whole amount of mediclaim in my ITR

  • http://taxguru.in Balakrishna

    Dear sir,

    Relating to income tax I have one doubt . i.e

    Ex: A – Salary 50000/- (10000/-Basic, HRA , Medical allow,spl all, CCA)

    Employee A is submitting the medical bills sum of Rs.15000/- and mediclaim policy have Rs 10,500/-.

    Please confirm me both are consider for deductions under income tax or not

  • Shravan Chavan

    Can Grand father get 80-D benefits if he apply mediclaim policy for his/her Grand son and proposer & pre payer by cheque)also him self(Proposer:Grand fater).

  • jayesh thacker

    Respected Sir,

    i paid mediclaim insurance premium 112.36(100+12.36 s.tax, 80d which amount is allowed for exemption
    in income tax act word shown whole of the amount paid to effect or to keep in force an insurance on the health(it means service tax is allowed or not)

  • Nishant

    Hi,
    I wanted to ask that mediclaim offered to employees by their employers can be used for tax saving?
    Does company deducts this amount from employee’s salary?

  • swati agrawal

    in medical insurance if mother in law & father in law are also covered in definition of parents for claiming insurance from insurance co.

  • Ritu

    I am married daughter. can i claim medical policy of my own parents? or of my in laws parents

  • Ravi

    I have deposited the premium of Mediclaim of myself for three years i.e Rs 36000. Can I claim for the entire amount or Rs 15000 only. What about the other years. Pl suggest.

  • c b patel

    service tax paid on premium is allowed as deduction or not???

  • Alok Pandey

    IS service tax paid on mediclaim policy is also allowablle as exemption u/s 80d. If yes please send a revert mail to us.

    thanking you
    regards
    Alok Pandey

  • MUNINDRA PATIL

    We calculated the premium for 1.individual health plan for myself for SA of Rs 5lacs and 2. premium for health plan for spouse and children of Rs.5 lacs .The total premium of plan 1. and plan 2. is less than floater plan of of 2+2 for SA of Rs 5lacs.
    What you advise,to go for floater plan or individual for self and floater for wife and children.Also weather i will get tax 80d benefit on total amount of plan 1.and plan 2.

  • Amar

    LUMSUM PREMIUM OF Rs 60000/-ON A MEDICLAM POLICY IS PAID IN THE YEAR OF BUYING POLICY. POLICY IS EFFCTIVE FOR FIVE YEARS, WILL THE BENEFIT OF Rs 15000/-UNDER SEC 80D SHALL BE APPLICABLE EVERY YEAR FOR FIVE YEARS OR SHALL BE RESTRICTED TO 15000/- IN THE FIEST YEAR

  • Vish Megh

    If the mediclaim amount is paid by the one of the parents for the cover of whole family through their account. Can son claim for exemption, as parents are dependant on him?

  • TARUN

    LUMSUM PREMIUM OF Rs 60000/-ON A MEDICLAM POLICY IS PAID IN THE YEAR OF BUYING POLICY. POLICY IS EFFCTIVE FOR FIVE YEARS, WILL THE BENEFIT OF Rs 15000/-UNDER SEC 80D SHALL BE APPLICABLE EVERY YEAR FOR FIVE YEARS OR SHALL BE RESTRICTED TO 15000/- IN THE FIEST YEAR

  • Nikunj

    I have mediclaim of my self, wife and my parents (not senior citizen) for which the premium amounts to 18500/-.

    I want to know if I will be allowed tax excemption of 15000 or full amount.

    Please suggest

  • GAIKWAD SHAMBHU

    shall i claim deduction u/s 80d and u/s 80dd what is limit for deduction u/s 80dd and what are conditions for claiming deduction u/s 80dd

  • vasnt

    I am a senior citizen.
    My gross income is 4.5 lac.
    I paid mediclaim premium Rs 15500,
    and Rs 1200 as health chaque up.
    My question is -shell I first deduct both this amount from my gross income and that will be my taxable or net income,
    Then I deduct Rs 1.5 lac under section 80C

  • Himanshu

    Is 80D allowed on payment basis or period basis(i.e. period of insurance period)

  • RAJINDER SHARMA

    My mediclaim policy premium consists of Premium +service Tax+stamp duty
    I need to know what type of amount is considered for tax exemption
    whether
    1) Premium +service Tax+stamp duty
    or
    2) Only Premium

  • C D Deshpande

    In our office one person XYZ total income from salary is 386000/ & get medical bill (remibursment from state govt)(medical exp.claim of his father) of Rs 302000/ whether this gross Income should be 386000 + 302000 = 688000/ or 302000/ should not be included in gross income pl.guide me also pl give me details

  • Neo

    Hi,

    Can anyone please tell me that, if in a individual policy where the company is paying half the premium and the rest of the half premium is paid by the employee :-

    – Can the employee take the tax benefit in 80D for the half premium that is being deducted from his salary.

    – In the above policy, the proposer is the company and the name of the company is mentioned in the policy document as proposer, still the tax benefit can be made?

    – If the tax benefit can be availed, then what would be the process. The employee can claim it at the time of filing the return or the employer has to issue some certificate for the exemption.

    Thanks

  • CA Mohit taneja

    for more details about taxation please mail me on my email ID camohittaneja07@gmail.com

  • Jai Bhagwan Verma

    Dear Sir,

    I have taken Mediclaim policy for my spouse and my Daughter and paid Rs. 12450/-

    My son is salaried person and working in software company. Can he claim above amount while calculating his tax.

    rgds
    jb.verma
    9810467194

    • CA Mohit taneja

      No MR verma your son cant claim the premium you paid for your daughter.

  • suresh soni

    I am paying family mediclaim premium of Rs. 25000 annually and availing benefits of Rs. 15000 deduction u/s 80 (D)in my individual a/c.

    Can this premium be splitted between me and my wife so that we both can avail ax benefits u/s 80 (D)??
    Like I pay Rs. 15000 and my wife pays Rs. 10000 from our individual a/c and we both can avail respective tax advantage..

    Please advise…

    • CA Mohit taneja

      Yes you both can get individual deduction u/s 80C for paying Insurance Premium.
      Rs.15000/- for your self and Rs.10000/- to your wife in her return if she pays as a individual.

  • SANJOY SINHA

    My mediclaim premium is Rs 20530 / . How much I may exemption for mediclaim in AY 2015-2016

  • Virendra Sanghvi

    I have taken mediclaim for myself,mywife, one child and two parents. I paid Rs 28000 as premium. Can I claim whole amount u/s 80D? What is max limit in such cases?

  • prachi parmar

    i m empolyee in one company……..can my company exempt the medical expenditure which has been done by me ???? can my company exempt it u/s 80d income tax?

  • prachi parmar

    i m employee in one company..can my company exempt the medical expenditure which has been done by me as per u/s 80 income tax act

  • Kapil

    Hi,

    My dependant parents are covered under mediclaim offered through a PSU Bank. Every year amount is debited from mother’s account for renevwal of said policy. However, amount of premium is transferred by me into her account and then her account gets debited due to the nature of transaction (Bancassurance). Insurance premium receipt is hence issued in mother’s name. Can I still claim deduction for premium amount under section 80D?

    Regards,
    Kapil

  • Manoj

    mediclaim provided by the company showing as perquisite is eligible for deduction under 80d

  • VIJAY

    I am working in a company and they are reimbursing medical expenses to me .If i take medical policy can i claim exemption u/s 80d

  • Rsr murthy

    What about preventive health check up charges?

  • Rsr murthy

    What about fees paid for preventive health checkup charges paid to diagnostic centres in cash?

  • Balu

    When an Individual can take Mediclaim Insurance on behalf of parents. And the Individual is not necessarily to be covered in the policy. can he pay premium through his personal cheque to insurance company so as to get IT benefit.

  • Nayak

    My company provides us a family medi-claim, but 100% premium amount is paid from our pocket (deducted from salary on monthly basis) is there any way I can have/get any kind of benefit in TAX i.e. Will I get the exemption from income tax under any 80 Section.

    If YES! which one? What is that I need to produce or maintain or request from my company for the same.

  • mohit taneja

    I want to clarification for a thing that the amount paid in cash for healthcheckup’s which is allowed in section 80 D of the act.
    I want to know whether these expenses will be eligible for deduction u/s 80D
    1. Expenses on consultation paid to a doctor
    2. Expenses on medicine’s Expenses
    3. Expenses on Various health checkup’s as prescribed by the doctor.

    Regards
    Mohit

  • Vikrant Sawant

    When a person pays mediclaim premium for 2 years together(Example: Rs10000) from 1st Jan 2012 to 31st dec 2013. So for which assessment year this amount(Rs 10000) will fall for benefit under 80D. Should the Amount split 5000/5000 for 2 assessment years..

    Kindly clarify…

  • Nitin Rane

    Service tax amount can be claim for mediclaim u/s 80 D.

  • appanagowda

    To

    son paid the premium by cheqe and mother Helath insurance policy receipts in the name of mother it will be claim 80d son it Return

  • Sita

    I want to know if i have taken a mediclaim policy covering myself, my disabled dependent sister and brother. Can i claim the premium amount paid for them under 80D and what will be the maximum limit i can claim.

  • Anshul

    My parents are not added in my mediclaim policy . my father is hospitalised due to accident ,Only need to confirm that it is possible for me to include those medical Bill’s for Tax exemption .

  • Chandan Banerjee

    Husband & wife both working in LIC. The option for inclusion of their parents are seperate. Both are individual assessee. If med.prem.deduction is made individually from our salary we will get tax rebate for our parents. But system of LIC is no seperate deduction will be allowed but total deduction will be through higher basic of individual. In that total tax benefit including parents in law will get the higher basic employee? If not how my wife will get benefit for her parents ?

  • JRB

    Is Mediclaim premium refundable?

  • Abhisek Basua

    If I pay mediclaim for me and my son, Then should it be fallen under 80D and the rebate through 80D should be exceed than rs,100000(which is the upper limit of savings under 80C)

  • Alkesh D Modi

    My mediclaim policy premium consists of Premium +service Tax+stamp duty

    I need to know what type of amount is considered for tax exemption
    whether
    1) Premium +service Tax+stamp duty
    or
    2) Only Premium

  • Rohit Gupta

    I had a doubt in example 4.
    As per notes to point no.2 Who is available to? “parents of Individual or Spouse both are covered.”

    If parents of both are allowed then mother in law is technically allowed or no?

  • Simki Shah

    In 3rd note under Point 2 it is mentioned as “parents of Individual or Spouse both are covered” ………….whereas in example no.4 it is written as “you cannot claim the deduction under Section 80D in respect of mediclaim paid for your mother-in-law”…….seems contradicting…..please clarify as parent of spouse will be my mother-in-law…..

  • Shailendra Saksena

    Is HUF eligible for benefits U/S 10 (10D) ?

  • reni

    My husband has taken a mediclaim policy of Rs.10000/- for our family(husband,wife,2children).Husband is not claiming this amount for tax exemption. Can I claim this amount under 80D?

  • Shekhar

    I am working in a remote location in Arunachal pradesh where internet facility is not available for making online payment, my medical premium was due for payment my agent collected cash from my wife and paid the renwel premium as I was personally not available to give cheque. Can i claim the deduction u/sec 80D
    Kindly advice.

  • Prabhav

    I have mediclaim policy from my company for me and my wife (I do not pay any premium for this policy).
    However, I have an option to add my parents where I have to pay an yearly premium of Rs.6000. This amount is paid to Third Party Administrators (TPA) by my company.
    If I opt for this, will I get tax deduction for the amount under sec 80D?

  • kavita pujari

    can we avail service tax on mediclaim policy

  • rithesh

    My mediclaim policy premium consists of Premium +service Tax+stamp duty

    I need to know what type of amount is considered for tax exemption
    whether
    1) Premium +service Tax+stamp duty
    or
    2) Only Premium

  • ankit

    hi want to know can i claim deduciton u/s 80D for preium mediclaim paid for my 27 yr old son .

    what is and where is definition of dependant writtten in income tax act or decidedin any case law. pls provide th elink.

  • Manickam

    Suppose if we take mediclaim policies separately my wife and daughter as well as for me. Can I claim under 80 D for all the three .

  • Ravi Chandran

    My Query is as follows :

    I have a Mediclaim Policy taken for Rs. 23,941 for a two-year period and I pay premium once in two years. Last premium was paid in 21st April,2011 and no premium paid in FY 2012-13. I was given an exemption of Rs. 15,000 for FY 2011-12 (i.e. AY 2012-13), but no deduction allowed by my company for the balance Rs. 8,941 in current FY 2012-13 (i.e. AY 2013-14). If this is a situation, why Health Insurance companies are taking premiums for two years together (they refuse to convert into single year premium). Is there anyway I can claim deduction in both years ? Is it permitted u/s 80D ? If not permitted, can I approach IRDA and request them to pursuade Insurance company to convert to single year premium. Hard earned money goes without availing permissible deduction.

    Can I put a claim to Insurance company under consumer court… My representation has been refused by them in writing. I have proof of their refusal to convert.

    Can I get some help please !!!

    Thanks in anticipation,
    Ravichandran

  • saurabh

    if the lumpsum payment of Rs.50000/- is made in current year towards medical insurance premium for five years.
    What will be the deduction under sec.80 D for current year ?
    Rs.10000/- or Rs.15000/-
    regards

  • saurabh

    if the lumpsum payment of Rs.50000/- is made in current year towards medical insurance premium for five years.
    What will be the deduction under sec.80 D for current year ?
    Rs.10000/- or Rs.15000/-

  • shahid

    mobile no. pls. we will individually guide u.

  • ads

    Mediclaim 5 years advance payment allowable or not allowable in income tax

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    The returns are to fool people and these things are going to burn a hole into your Pocket. Much better to invest in Equity funds and enjoy peace of mind. Don’t fall prey to morons who wants to burn hole in your Pockets.

  • nadeem khan

    if premium paid on mediclaim policy included service tax it is allow or not for tax exemption

  • Ramaa

    Im paying premiums for my mom. In the policy document name of the life insured and name of proposer is my mom’s name. Shall i show the premium receipt for tax deduction?

  • jessy

    My husband has taken a mediclaim policy of Rs.10000/- for our family(husband,wife,2children).Husband is not claiming this amount for tax exemption. Can I claim this amount under 80D?

  • harshad

    if i paid rs 10000/- for mediclaim policy taken for two years e.g. . From 01st Apr 2011 to 31st Mar 2013. shall i claim the deduction in two financial i.e. 11-12 & 12-13 years or not? if yes is there criteria to decide the amount of two years if not mentioned in the policy specifically.

  • Deepak Kumar Choudhary

    Dear sir,
        I want to know about PPF saving , Actually i have invested in PPF of Rs. 60000 in the F.Y- 11-12  So, Can tax saving under ppf & if yes than whats the sec of it applicable   

  • Deepak Kumar Choudhary

     Dear Respected Sir,
               I want to know about Under Sec -80c (Life Insurance Policy) as- if i have LIC  Sum Insured of Rs 100000, Premium of Rs 425 monthly ) how much Rs will be rebate (Save) in Income Tax, & & Know more about Under Sec-80GG (House Rent) , Actually my Salary is 35,000/- per Month & i am paying house rent of Rs -9000/- than how much Rs will be rebate (Save) in Income Tax,   

  • Deepak Kumar Choudhary

    Dear Sir,
        I want to know i did taken a medic claim policy of sum Insured of RS. 500000, whose yearly premium of Rs.8750 for the period of 30years, So how much Rs will be save Under sec 80 of Income tax , I am Salaried (Individual) 
            
            Reply Me as soon as possible

  • vivek bajaj

    Dear sir,
    i m having a medical policy of maxbupa which is having a individual cover of 5 lac for myself, spouse and childrens and for my parents plus 15lac flotter cover in “one single policy” . i m paying 44000 premium annual.
    what will be my tax deduction in 80d
    please help 

  • shailendra

    Sir, I bought a policy by paying 56876/- out of which the payment of Rs.37562/- is made in current FY 2011-12 towards medical insurance premium for five years. MY employer also deduct 3900/- fo it.
    What will be the deduction under sec.80 D for current year ?

    regards

  • priti

    sir, i am married female paid mediclaim for my mother-in-law b’cz after marriage definitely i am living with my spouse family n parents. is this exemped under 80D.

  • Tejal

    I have insurance policy on my husbands name including my name as a spouse. My husband is not using 80c privilage for mediclaim..Can i use this mediclaim amount for my income tax benifit.

  • Prashant

    if the lumpsum payment of Rs.50000/- is made in current year towards medical insurance premium for five years.
    What will be the deduction under sec.80 D for current year ?
    Rs.10000/- or Rs.15000/-
    regards

  • Maanikkavalli Kannadhaasan

    Respected and dear Sir ,Madam,
                                                  I am the only daughter of my parents  and spent  for my mother’s treatment around 30000 before one month and I request you could I claim tax rebate under 80DD, 80DDB. Please mail me  and I remind you that I  also have asked this question before.Please mail me as possible as you can as I have to pay tax now.

  • TN SUBRAMANYA

    Can u pl. give guidance of savings for seeking income exemtpion apart from of Rs.1,00,000 u/s 80C under Chapter VI deductions.

    TN SUBRAMANYA, BANGALORE

  • sreeni

    i have a mediclaim flooter policy which includes me and my parents.the amount is 25000.
    20000 is for parents and 5000 for myself. what proof is required to claim for 15000(max possible) of my parents and 5000 of myself for tax benifit. bifurcation of premium is not provided by the insurance company

  • srikala m

    I m working in an organisation where my employer gives me defualt a mediclaim policy for 2 lakhs in which myself and 2 dependants(mom & dad) are included. Its premium gets deducted from my salary directly. If I want to take a medical insurance policy seperately from any insurance company for my parents will i get the tax exemption?

  • shabbir

    if mediclaim of Rs 35000/- including parents,spouse, childrens the hole amount is not taxable or what

  • priyanka jain

    No it is not taxable

  • Milind

    Hello,

    My organization as applied for GMIP with once of India Mediclaim insurance provider. The permium amount paid for covering employee, immediate family members and parents/inlaws are split between employee and organization. Employees pays premium for parents/in-laws to be inclused for cover. My organization claims that Section 80D benefit cannot be claimed by employee for premium contribution employee is making towards parents/in-laws coverage and this benefit of Section 80D can only be availed by the organization. Kindly clarify if employee can claim deductions under Sec 80D for the contribution he/she is making for parents/in-laws coverage. This deduction appears in salary slip as parental insurance.

  • UMESH

    if individual is seneior citizen then what will be maximum deduction for individual and his parents u/s 80d

    • Sushant

      If Individual is a Senior Citizen, then he can claim deduction of Rs. 20000/- for himself and as he is a senior citizen, his parents are also senior citizen, so he can claim deduction of Rs. 20000/- for them. Total Deduction under section 80D would be Rs. 40000/-

  • Nagaraj

    Hi..
    I have a query ,i am working for an MNC Company and they have this mediclaim policy only for self and they are saying family will be covered ,how this happens ?

    As i worked in so many companies but every were they use to cover mediclaim to self,spouse,children & parents all upto together upto 5 lakh,

    But my present company says “No”only self will be covered ,so pls suggest me how can i demand this policy to my company and i need to know what all government rules for employer mediclaim policy.

  • Sanjay Jaiswal

    Sir,

    I have paid mediclaim policy premium amount of Rs.11300 which includes Rs.1300/- as service tax amount in this case whether i can get deduction of Rs.11300 full paid amount or after deducting service tax amount.

    Thanks
    S.K.Jaiswal

  • MUKESH K.VORA

    sir,

    I have paid mediclaim policy premium amount of Rs.10782 which includes Rs.1007/- as service tax amount in this case whether i can get deduction of Rs.10782 full paid amount or after deducting service tax amount.

    Thanks
    M.K.VORA

  • http://taxguru.in rajesh

    i have my self & wife icici pru policy for under 80d 15000 taking exemption before 12 days taken .
    can possible to take same policy for wife independently for addition 15000 exp.under 80d .wife is dependent .

  • Ashok

    I have taken Mediclaim Policy via New India Assurance Company Up to 1 lacks Premium company will pay & out off 1 lacks employee pay but chq will give to company
    Like Lasy year 2010-2011 I insuren Policy 3 lacs out of 1 lacs premium ave 6000 company paid & balance 2 lacs premium Rs 12370 myself will pay but chq given to company for company name rs 12370 & then compant will give full payment of chq 12370+6000 = 18370 to New India assurance so my qyestion is Can I get 12370 claimed U/e 80D for Income tax purpose

  • ajai

    hi, i am single and would like to take parental insurance for my parents.

    query: wil i be able to claim tax benefit., i have contacted an insurance agent for a family medical policy covers father n mother for 2L, as mentioned by the agent the receipt contains My fathers name f/o my name in the proposar column., am i eligible to benifit from 80d tax, as my father s retired now.

  • Sachin Ramje

    I have paid Rs.20,000 as premium for my Dad’s insurance policy however, my name is not there in the policy. Can i claim tax benefit for the same ? Please answer immediately

  • Ravi Chandran

    My query is as follows : I paid Rs. 18,940 for self, spouse & two dependent children during year June 2009 (FY2009-10, AY-2010-11). This poly premium for a two year period from 24-6-2009 to 23-6-2011, as many insurance companies are now-a-days taking premium for a two year period together.

    Since I have some other mediclaim policy, I did not claim this amount in my returns for the AY 2010-11 and now in this FY 2010-11, I do not have any other premium amount to be paid by me. I would like to avail the deduction applicable for the FY-2010-11 for the coming AY 2011-12. My insurance company says I can claim deduction in this year, since I have not claimed in last year. Am I eligible ? Please clarify.

  • sukhi

    I have my parental medical insurance amount as INR 9000. Service tax in that is INR 3000. Can I claim the entire INR 9000 (Premium 6000 + Service tax 3000) as tax deductible?

  • star

    mediclaim up to 70 yrs of age & avail tax benefit u/s 80D.
    Contact noida@starhealth.in, 0120-4514000

  • supriyade

    very good

  • Chiro

    Hi,

    My question is when I am considering to claim tax benefit on the medical insurance for my parents, do I need to be a proposer/insured in the same policy that I would take for them? Is it possible that I take a policy covering my parents (me not in the policy) and I pay the premium for them – can I claim tax benefit on this? How?

    Thanks

  • Jayaram

    If a person has paid the Mediclaim Premium by Cash for self, wife and children is there a possibility of showing the same as deduction under 80D from taxable income.

  • Ramji

    can a parent(Father) already covered in a different mediclaim policy be included in a separtae policy containing spuse & kids for which ifather is only paying the premium.

  • Kondareddy

    Hi,
    My family is HUF . In my family there are 4 parents and 5 children.( 5 children , my brother (Studying 12th standard) , myself). If i take 2 insurance family flot. HIS ploicies(for example 15K + 20K), can i claim this amount under taxable amount.Please suggest me.

    Thanks & regards
    Kondareddy

  • subha

    I have paid a medical insurance premium of 6700 for Parents and Self with Royal Sundaram and 15872 towards my parents Health Insurance from Oriental health. Will I get tax deduction on this premium paid

  • http://www.taxguru.in S. M. Rai

    I have a mediclaim policy which covers my parents (who r senior citizens) and for my wife and son. The premium paid is Rs.32500/- annually. How can I get the benefit of Rs.15000/- for myself and family and Rs.20000/- for my parents?

  • mamta

    my company give the bonus and exgratia both to employee.some employee got both bonus and exgratia and some employee got only bonus/ ex-gratia.
    can we take the exgratia as taxable part in perquisites valuation of rent free accomodation if employee got only ex-gratia. pls reply me quickly

  • bhawna

    I have a mediclaim policy on my family(me,husband & child)(premium paid is 3500/yr) & on my mom in law (premium paid is 6500/yr). whether I as a woman is entitled to receive a deduction u/s 80D for premium paid by me for my ‘mother in law’?

  • Anantharaman

    According to this article
    www. thehindu.com/biz/2009/03/16/stories/2009031650041600.htm
    service tax on premium paid for Medical Insurance is not deductible under 80D. Only the premium paid is deductible. However, you have answered in two questions above that the gross amount is deductible – please clarify?

  • manoj

    D. sudhakar ji u can take benefit of Rs.15000 u/s 80D & your wife too if & only if Out of 30,000 Rs. 15000 is paid by ur wife(other than cash).

  • V.J. Gohel

    If I paid an amount of Rs.10,000/- towards medical policy so whether full amount i.e. 10,000/- will be deducted from IT above Rs.1,00,000/- deduction

    • CA Sandeep Kanoi

      Yes it will be over and above one lakh deduction under section 80C.

  • CA. Ritesh Jain

    Yes u can claim 15000 in ur hands & 15000 in ur wife hands.
    However it is to be noted here that if your child is not dependent on you, than you will not be able to claim deduction on that amount.

  • D.Sudhakar

    i have Paid Premium Rs.30000/ for medicalaim policy to my family(myself,wife and my son)can i claim total amount under 80D and can i claim 15000 for me &another 15000 for my wife as Individual assesse

    i am waiting for u r reply

    Read more: http://www.taxguru.in/income-tax/all-about-deduction-us-80d-for-mediclaim-premium-available-to-individual-huf-and-senior-citizens.html#ixzz0hNdQuZ2z

  • http://www.taxguru.in manubhai parmar jnv patan

    may mediclaim premium is Rs. 4350.00 and service tax is rs. 350.00 total paid premium amount is rs. 4700.00 which amount is admissable for exmption rs. 4700.00(including service tax) or not?

    Read more: http://www.taxguru.in/income-tax/all-about-deduction-us-80d-for-mediclaim-premium-available-to-individual-huf-and-senior-citizens.html#ixzz0gwPWwjQR

    • CA Sandeep Kanoi

      Gross amount is eligible for deduction.

  • http://www.taxguru.in manubhai parmar jnv patan

    may mediclaim premium is Rs. 4350.00 and service tax is rs. 350.00 total paid prium amount is rs. 4700.00 which amount is admissable for exmption rs. 4700.00(incding service tax) or not?

  • prakash harwara

    dear sir,
    please infrom me for service tax on road transport freight (goods for rice & wheat (agriculcher goods)

  • http://d_sudhakar79@yahoo.com D.Sudhakar

    Dear sir
    i have medicalaim policy for Rs.30000/-for my family(myself,wife and my son)can i claim total amount under 80D and can i claim 15000 for me &another 15000 for my wife as Individual assesse

    i am waiting for u r reply

  • Chandra Shekar

    Dear Sir If I pay the premium of Rs.2500/- for availing Health insurance in the month of December-2009. Will I get the exemption from income tax under 80D for the whole amount of 2500/- or is it for only 3 months (Jan to Mar). Kindly advise.

    • CA Sandeep Kanoi

      You will get full amount as deduction.

  • Hari Nath Singh

    i have a policy in favour of our parents and paid premium of Rs. 15000. what amount will be deducted in our taxable income.

  • http://d_sudhakar79@yahoo.com D.Sudhakar

    Dear sir
    i have medicalaim policy for Rs.30000/-for my family(myself,wife and my son)can i claim total amount under 80D and can i claim 15000 for me &another 15000 for my wife as Individual assesse

  • pankaj

    I HEARD THAT MEDICALIAM PREMIA WILL BE EXEMPTED AFTER THE FULFILL OF 1 LACS DEDUCTION UNDER SECTION 80C.
    PLS GUIDE FOR ABOVE AND WHAT IS THE MAXIMUM I CAN TAKE BENIFIT UNDER THIS 80D?

    • srinivas

      sir this is srinivas after deduction under sec 80c i will get 1,93,643 what amount will deduction on the basis of 80D

  • http://gmail.com tejpal chauhan

    service tax paid on premium is allowed as deduction or not???

    • http://www.taxguru.in Sandeep Kanoi

      It is allowable

  • chirag gandhi

    i have two mediclaim policy, one is from new india assurance, having my wife, my kid and me as insured members. and another having my parents and my self. the second policy whihc is having my parents and me is flotter policy.

    now as second policy also having my name in the policy whether it will be considered for parents segment only or not?
    and as it is a flooter policy it is not showing bifurcation of charges among all insured.

    • http://www.taxguru.in Sandeep Kanoi

      Second will be considered for parents, only thing is you need to deduct share of your premium if first policy premium exceeds 15000. If first policy premium not exceeding 15000 then you can claim the difference of 15000 and your share of premium in second policy as deduction too.

  • Rupak Ranjan Roy

    I have a MEDICLAIM policy for myself, my wife and children since the last twenty three years. Recently, I spent a certain amount for the treatment of my wife and plan to get it reimbursed from Mediclaim. Cashless facility was not available between that particular hospital and the concerned TPA. Do I have to pay income tax on the money that I received as reimbursement from Mediclaim?

    • http://www.taxguru.in Sandeep Kanoi

      No. Its not taxable.

      • Mahesh

        No its not taxable as per income tax act