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Play safe, insure your health and get tax benefit too

Mediclaim insurance is a must-have for all. It safeguards you and your family from a financial crisis during critical illnesses or accidents. Apart from covering medical expenses, health insurance also offers you access to tax saving schemes. Absence of Medical insurance can wipe out your savings.

Deduction U/s. 80D of the Income Tax Act, 1961 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, parents and dependent children or paid by HUF on the health of any members of the family. From A.Y. 2016-17  it also include Medical expenditure incurred by assessee, being individual/HUF on the health of a super senior citizen person ( from A.Y 2019-20  this benefit has been extented senior citizen also)  provided that no amount has been paid to effect or to keep in force an insurance on the health of such person

Deducation Us. 80D for Medical Insurance & Mediclame

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.

2. 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 or jointly in the name of following:

– the taxpayer

-spouse of the taxpayer

-parents :- Parents need not be dependent on the Assessee.

-Dependent children (i.e. legitimate or legally adopted children) of the taxpayer: – 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.

  • 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.

Deduction on account of medical expenditure shall be allowed only when it is incurred on the health of the aforementioned persons who are super senior citizens (and senior citizen w.e.f A.Y 2019-20).

senior citizen’ means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year

super senior citizen’ means an individual resident in India who is of the age of eighty years or more at any time during the relevant previous year.

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. 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 Rs. 1,50,000.

6. 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.  However wef from A.Y. 2013-14 it is provided that expenses on preventive checkups incurred in cash also eligible for deduction.

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

8. Mode of payment: The premium may be paid by any mode of payment other than cash. Please note, prior to 1st April 2009, premium payment was required to be done only by cheque. Credit card or other online payment mechanism were not allowed. Now all payment modes except cash payment are accepted. However wef from A.Y. 2013-14 it is provided that expenses on preventive checkups can be incurred in cash too.

9. Which Mediclaim Premium /Payment 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)  by any mode other than cash.
  • From A.Y. 2014-15 it is provided that benefit of deduction under section 80D will also be available on contribution towards health schemes of the Central and State Governments, which government notifies from time to time. Read – S. 80D Contribution to Health Schemes – CGHS benefit extended to other similar schemes
  • Sum paid by assessee, being individual on account of preventive health check-up.
  • Medical expenditure incurred by assessee, being individual/HUF on the health of a super senior citizen person (and senior citizen w.e.f A.Y 2019-20) provided that no amount has been paid to effect or to keep in force an insurance on the health of such person

10. Things You Must Know Before Buying Health Insurance

  • Buy a basic health insurance plan, which  is an indemnity policy that reimburses all the medical costs incurred during hospitalization.
  • Buying a health insurance policy for you family from the same insurer could entitle you to a discount of up to 10 per cent of your premium.
  • A basic policy pushing up the sum insured by 5 per cent every year that you do not make a claim. If a claim is raised on your policy, the accrued bonus is reduced by 10 per cent till sum insured is reached.
  • You could push up basic policy by adding defined benefit plans.
  • The plans offered by life insurer come with death cover.
  • If you are relying on the medical benefits given by your employer, then during the period between two job, your policy might suffer a break. Buy having medical Insurance plan on your own keep your insured at all times.
  • Buy floater plan to cover entire family
  • Opt for a cashless plan, keep cashless mediclaim cards at hand
  • Ask insurers for premium rates to find the cheapest policy
  • Keep an eye on exclusions and inclusions in the policy
  • Undergo medical tests, if required
  • Buy health insurance even if you have one from your employer.

11. What is the amount of the deduction?

For Individual

  • Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 25,000 . In case any of the persons specified above is a senior citizen  and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 30,000 (Rs. 50,000/- from A.Y. 2019-20).
  • Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 25,000 . In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 30,000 (50,000 from A.Y. 2019-20).

Additional deduction U/s 80D for health insurance premium / mediclaim premium paid for parents

  • Please note that with effect from A.Y. 2016-17 deduction under section 80D is eligible on Medical expenditure incurred by assessee, being individual/HUF on the health of a super senior citizen person (and senior citizen w.e.f A.Y 2019-20) provided that no amount has been paid to effect or to keep in force an insurance on the health of such person which is subject to overall limit of deduction under section 80D.

Chart Explaining Deduction U/s. 80D:-

For Individuals

Description Eligible Expense or Medical Insurance Premium paid in respect of Total Deduction under Sec. 80D
Self, Spouse & Dependent Children Parents (whether dependent or not)
No-one has attained the age of 60 years
A.Y. 2016-17 Rs. 25,000 Rs. 25,000 Rs. 50,000
A.Y. 2015-16 Rs. 15,000 Rs. 15,000 Rs. 30,000
Assessee and his family is less than 60 years & parents are above 60 years of age
A.Y. 2016-17 Rs. 25,000 Rs. 30,000 Rs. 55,000
A.Y. 2015-16 Rs. 15,000 Rs. 20,000  

Rs. 35,000

 

A.Y. 2019-20 Rs 25,000 RS 50,000 RS 75,000
Assessee and his parents have attained the age of 60 years and above
A.Y. 2016-17 Rs. 30,0000 Rs. 30,0000 Rs. 60,000/-
A.Y. 2015-16 Rs. 20,000 Rs. 20,000 Rs. 40,000
A.Y. 2019-20 Rs 50,000 RS 50,000 RS 1,00,000

For HUF

Eligible Expense or Medical Insurance Premium paid in respect of Total Deduction under Sec. 80D
A.Y. 2016-17 A.Y. 2015-16 A.Y. 2019-20
Any one or more of The Member of HUF is senior Citizen Rs. 30,000 Rs. 20,000 Rs 50,000
None of The Member of HUF is senior Citizen Rs. 25,000 Rs. 15,000 Rs. 25,000

Senior citizen: means who is at least of 60 year of age or more at any time during the previous year.

Super Senior citize: means who is at least of 60 year of age or more at any time during the previous year.

12. Deduction for expenditure on preventive health check-up – Expense under this section includes from A.Y. 2013-14  payment made by an assessee on account of preventive health check-up of self, spouse, dependant children or parents(s) during the previous year as eligible for deduction within the overall limits prescribed in the section. However, the proposed deduction on account of expenditure on preventive health check-up (for self, spouse, dependant children and parents) shall not exceed in the aggregate Rs.5,000. For the purpose of the deduction under section 80D, payment can be made – (i) by any mode, including cash, in respect of any sum paid on account of preventive health check-up and (ii) by any mode other than cash, in all other cases.

13. Mediclaim policy for Brother or Sister? In case you need to pay Mediclaim insurance premium for your brother or sister, do not make the premium payment from your account. Take Mediclaim policy for Brother or sister in your Hindu Undivided Family (HUF) Income Tax file. If you are taking a floater policy, then don’t add your brother or sister in the floater policy if you are making the premium payment. Include your brother and sister in the Mediclaim policy where the premium payment is done by the HUF. This will ensure that HUF would be eligible for the deduction under Section 80D.

14. Mediclaim premium for your in-laws. In case you are also taking care of healthcare need of your in-laws, make sure the premium payment for Mediclaim policy is done by your spouse. You will not get any deduction under Section 80D for Mediclaim premium for your in-laws. But if your spouse is making the payment, Section 80D deduction is available since your spouse would be making payment for his / her parents which is allowable under Section 80D. Please note your spouse has to make the payment from his / her taxable income.

15. GST on Medical Insurance Premium – GST is also levied on the amount paid as Insurance Premium. However, the GST paid on medical insurance premium wont be allowed as a deduction under section 80D. Deduction under section 80D can be only claimed on the amount paid as Medical Insurance Premium and not on the GST levied thereon.

16 . Conclusion:- Medical Insurance plans serves a dual purpose. They protect you from financial crisis during a health emergency or accident and offer you tax saving benefits as well. This encourages people, especially the salaried class to invest in protecting the future of their family while being able to utilise a maximum percentage of their salaries. You are saved from the burden of paying huge medical bills and income tax, with a health insurance policy in hand.

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 18,000/- to keep in force an insurance policy on his health and on the health of his wife and dependent children;

(ii) Rs 32,000/- to keep in force an insurance policy on the health of his parents.

He will be allowed a deduction of Rs 43,000/- (Rs. 18,000/- + Rs. 25,000/-) 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 48,000/- (Rs.18,000/- + Rs.30,000/).  However  in case any of his parent is senior citizen the deduction W.e.f A.Y 2019-20 the  will be Rs 68,000/- (Rs.18,000/- + Rs.50,000/) 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 32,000/-, out of which Rs 17,000/- is paid (by any non-cash mode) by the son and Rs 15,000/- 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 18,000/- for the medical insurance on self and family) and the father will get a deduction of Rs 15,000/-.

EXAMPLE 2

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

1. Rs. 18,000 to keep in force an insurance policy on his health and on the health of his wife and children 2. Rs. 32,000 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. 43,000 (Rs. 18,000 + Rs. 25,000) 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. 48,000 (Rs. 18,000 + Rs. 30,000). Whether the parents are dependent or not, is not a consideration for deciding the deduction under Section 80D.

However from A.Y 2019-20 the deduction shall be as under:

Under the new provisions, he will be allowed a deduction of Rs. 43,000 (Rs. 18,000 + Rs. 25,000) 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. 68,000 (Rs. 18,000 + Rs. 50,000). Whether the parents are dependent or not, is not a consideration for deciding the deduction under Section 80D.

EXAMPLE- 3

Question:- Do I need to take medical insurance for both my parents, who are senior citizens. I would appreciate if you can let me know.

Answer:- Deduction in respect of medical insurance premium for A.Y. 2016-17 is Rs 25,000 for an individual and Rs 30,000 for a senior citizen. However if someone were to buy medical insurance for his parent/s, an additional deduction of Rs 25,000 (over and above Rs 25,000) will be available. If such parent/s were senior citizen, the additional deduction would be Rs 30,000. So a person insuring himself, his spouse, children and parents could potentially get a deduction of Rs 50,000.

However from A.Y 2019-20 the deduction shall be as under:

Deduction in respect of medical insurance premium for A.Y. 2019-20 is Rs 25,000 for an individual and Rs 50,000 for a senior citizen. However if someone were to buy medical insurance for his parent/s, an additional deduction of Rs 25,000 (over and above Rs 25,000) will be available. If such parent/s were senior citizen, the additional deduction would be Rs 50,000. So a person insuring himself, his spouse, children and parents could potentially get a deduction of Rs 50,000.

EXAMPLE-4

Illustration

Mr. Raja (age 40 years) has made the following payments during the financial year 2017-18:

  • Payment of medical insurance premium on his policy of Rs. 15,000.
  • Payment of medical insurance premium on policy of his spouse Rs. 4,000.
  • Payment of medical insurance premium on policy of his younger daughter who is dependent on him Rs. 3,000.
  • Payment of medical insurance premium on policy of his elder daughter who is self employed and not dependent on him Rs. 5,000.
  • Payment of medical insurance premium on policy of his parents (resident and aged 68 years), Rs. 18,000 on policy of his father and Rs. 18,000 on policy of his mother. Both are dependent on brother of Mr. Raja.
  • Payment of Rs. 3,000 towards expenditure on preventive health check-up (for his own check-up and check-up of his wife).

Advice Mr. Raja regarding the admissible deduction under section 80D for the year 2017- 18.

ANSWER

Considering the above provisions, the deduction in case of Mr. Raja will be as follows:

1) Medical insurance premium on his policy of Rs. 15,000 will qualify for deduction.

2) Medical insurance premium on policy of his spouse of Rs. 4,000 will qualify for

3) Medical insurance premium on policy of Rs. 3,000 of his younger daughter who is dependent on him will qualify for deduction. However, premium of Rs. 5,000 on policy of elder daughter who is not dependent on him will not qualify for deduction.

4) Medical insurance premium on policy of his parents of Rs. 36,000 will qualify for deduction (being Senior Citizens)-limited to Rs. 30,000.

5) Expenditure on preventive health check-up will also qualify for deduction, but, it will be restricted to Rs. 3,000 only (as the overall limit of deduction under section 80D in respect of assessee and his family cannot exceed Rs. 25,000).

Thus, total deduction under section 80D will amount to Rs. 22,000 on account of expenditure on premium paid in respect of his own health, health of his spouse and dependent daughter and Rs. 30,000 in respect of premium paid on policy of his parents. Deduction on account of expenditure on preventive health check-up will be Rs. 3,000 Total deduction under section 80D will amount to Rs. 55,000 (Rs. 22,000 + Rs. 30,000 + Rs. 3,000).

EXAMPLE-5

(i) For Individual and his family Rs.
Health insurance premia 21,000
(ii) For parents
Health insurance of Mother : 18,000
Medical expenditure on father (Super senior citizen) 15,000
Deduction eligible u/s 80D Rs. 21000 + Rs 18,000 + Rs. 15000

= Rs. 54,000

(REPUBLISHED WITH AMENDMENTS)

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51 Comments

  1. Jitendra says:

    I have a question (FY 2020-21).

    A Senior Citizen makes a claim against Mediclaim policy (Premium Rs.12500) for a Treatment and has paid Amount (Rs.19500) to Hospital from his pocket as the same was not reimbursed by the Insurance Company.

    CAN THE SENIOR CITIZEN ASSESSEE INCLUDE THAT AMOUNT AS PART OF MEDICAL EXPENSES under Section 80D

    An earlier response shall be highly appreciated to enable include / exclude the same from his Income Tax Return

  2. vinay kumar jain says:

    रिटायरमेंट पर लाइफ टाइम cghs card बनाने हेतु एकमुश्त सब्सक्रिप्शन रुपए 120000/- का डिमांड ड्राफ्ट जमा कराए। क्या मैं 80 डी के तहत इंकमटैक्स में छुट ले सकता हूं।फोन 9810467545

  3. vinay kumar jain says:

    रिटायरमेंट पर लाइफ टाइम cghs card बनाने हेतु एकमुश्त सब्सक्रिप्शन रुपए 120000/- का डिमांड ड्राफ्ट जमा कराए। क्या मैं 80 डी के तहत इंकमटैक्स में छुट ले सकता हूं।

  4. N K Rampuria says:

    रिटायरमेंट पर लाइफ टाइम cghs card बनाने हेतु एकमुश्त सब्सक्रिप्शन रुपए 120000/- का डिमांड ड्राफ्ट जमा कराए। क्या मैं 80 डी के तहत इंकमटैक्स में छुट ले सकता हूं।

  5. Bharatkumar Vasant Kolatkar says:

    My wife and I are both senior citizens. I have taken two health policies, one for two years for my wife & one for myself for one year. The premia are Rs. 35,474/- & Rs. 21,240/- respectively. What deduction under sec.80(d) of the Income tax Act can I expect?

  6. Manoj says:

    As in your example-2 it is mentioned that :

    However, if any of his parents is a senior citizen, he will be allowed a deduction of Rs. 68,000 (Rs. 18,000 + Rs. 50,000).

    HOW IS 50000 ADDED FOR PARENTS IF PAID AMOUNT FOR THE SAME IS 32000 ??

    ALSO REQUEST YOU TO EXPATIATE FOLLOWING LINE:
    Whether the parents are dependent or not, is not a consideration for deciding the deduction under Section 80D.

  7. Saroj Praharaj says:

    I have spent 35000/- on general medical expenses of my dependent mother (above 60 years) and family members ( all below 60years) together and preventive medical check up 5000/- for all. No health insurance taken. Can I deduct 40000/- from taxable income ? AY 2019-20

  8. Narender says:

    Sir, I have no Any Mediclaim for F.Y.2018-19 but I Have Own & Spouse Medicine Bills, Lab Test Bills etc.
    Can I Taken the claim of above said Bills in Sec-80D?

  9. ROHIT KUMAR says:

    At present ,My father retired pensioner after july 2018 (reaches 60 yrs in july -18) . He got hospitalized in dec -2019 due to sudden illness at private hospital in delhi. He is being diagnosed with multiple myeloma(blood cancer) & taking chemotherapy since then. He was not medically insured.Total medical cost till date is around 2 lakh(during hospitalization in dec18-jan19 -1.5lakh) .Some part of this cost has been borne by my elder brother (who is also a tax payer).Please advise that whether this case comes under section 80DDB and my father during filling ITR can take tax benefit upto 1lakh or not & also whether my brother also can take benefit separately through section 80D up to 50k for his part of medical expediture for his parent treatment..
    Please suggest.

  10. JAC VINCI says:

    In case of claiming income tax benefits by children for medical expenses under 80D forsenior citizen parents we understand only Mediclaim Insurance Premium and Health check-ups are allowed. But Insurance Claim allows only for In-patient treatment. So what about all other treaatment taken as OPD patient or at home? Please explain. Thanks.

  11. Kamta Prasad Agarwal says:

    I am a senior citizen and individual taxpayer. My spouse is also a senior citizen . Please advise total limit of expenditure under section 80d will be RS 50000/_orRs one lac for both or self and spouse.

  12. Amol says:

    Dear Sir,

    My Father is retired person with age 64 Years.
    i do not have any mediclaim policy for him. Recently he had accident for which, there was medical expense of 50,000 Rs.
    Please help me understand how i can claim this in Income Tax Filing.
    Regards,
    Amol

  13. sriram says:

    Sir, Can you pls post the circular or notification from CBDT regarding non allowability of GST on mediclaim policies. When business people if they cant claim credit for GST they charge it to profit and loss account. Then why it is denied for individuals

  14. K K SARAWAGI says:

    whether part of medical insurance premium collected from employees on the health of employees is eligible for deduction u/s 80D to employees.

  15. Patil Nivrutti Shivaji says:

    Dear Sir,
    I give Max Life Cancer Insurance Plan Policy my Spouse Name, she is Housewife.
    Premium Amount Transfer from my Account to her Account and paid by ECS from her Account.
    Can I give Rebet u/s 80D

  16. Sindhuja says:

    Hello Sir, 50000/- allowed towards medical expenses of uninsured senior citizen parents; can the expenses include Doctor Consultation, Lab tests and medicines? if yes, is cash bills accepted?

  17. ram says:

    Sir,

    i make medicle expenditure of Rs 40000.00 on my grand mother who were at the age of 82 can i take deduction under section 80D of income tax act.

  18. Ramakant Tiwari says:

    You are saying GST claim is not available u/s 80D. But the act says that any amount paid to keep the policy in force, To keep the policy in force GST has to be paid. Hence I am of the view that GST can be claimed. Do you have any circular in this regard?

  19. ASHOK KUMAR BALAKRISHNADAS says:

    ITR 3 for AY 18-19, is not allowing HUF to Claim deduction u/s 80D in the Java Version. When I remove the HUF Status the form opens. What should i do Please reply soon or send message on my phone 9884247834

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  21. R. B. Katkar says:

    Eye operation for self Rs.7000/- including medicine Rs. 1000/- Sr, Citizen 69 years. No mediclaim policy
    Let me know deduction U/s 80D

  22. R. B. Katkar says:

    Medical expenses for eye operation for Rs. 7000/- inured & paid in cash for self (65years age)as under
    Surgical exp Rs 6500/- & Rs. 500/-
    Under 80D, what is deduction is available as there is no mediclaim insurance policy

  23. Barnomoy Saha says:

    Dear Sir

    I am paying for my parent’s insurance yearly. However, the insurance policy has my fathers name and the payment receipt is generated in his name. He does not claim deduction in his IT returns. In this case can I claim with payment receipt bearing his name?

  24. Amar nath prasad says:

    Dear Sir,
    We received Rs 96000/- as medical reimburse in FY 2016-17. Is we pay any income tax for that amount ?.
    I already pay Rs.37000/- income tax for Current FY 2016-17.

  25. Ashokkumar says:

    my son is earning member.whether his medical premium I , father of earning children can claim rebate under section 80 D of income tax Act. from my income tax.

  26. venkat says:

    Sir
    I am salaried person in pvt ltd. as i suffer from hyper tension and sugar my medicine expenditure will come nearly Rs 16000/- per annum.kindly guide me that in which section i have deduct the above amount.

  27. ramsaran says:

    I have spend on MRI,THYROID & HORMONES TEST about 10000.00. this amount can I claim the amount for Tax Deduction under Section 80 D if not received medical allowance in gross salary.
    Rebate under section 80DDB I spend 3 lacs on my treatment this year in private hospital of pituitary macroadenoma. so it covered under 80DDB. If yes do i need to get this certified from Govt cancer hospital only.

  28. - Dr M.M.Panda says:

    During the assessment year 2016-17 I have spent Rs 5000/ towards preventive health check up of self and have necessary money receipt. Kindly indicate as to whether I can claim rebate for the said amount under section 80 D ?

  29. Avijit Saha says:

    How I can get the rule from Income Tax India of Service Tax not considered while take the tax benefit on Medical Insurance Premium under 80D pls. help me about this.

  30. shobhana rajgopal says:

    one employee has left our organisation.hie has declared mediclaim when he was in organisation. but payment made after he left can it be considered in form 16 of Previous company

  31. Saravanakumar NV says:

    Can someone suggest me which company offers good benefits for medical claim policy under sec 80D? I’m looking for a policy for my parents aged 61 & 55 respectively. Also, may I know if we get 100% claim or will there be any co-pay involved? Please assist.

  32. sanjay ahuja says:

    i have a query
    can a person say aged 65 take medical policy on his son (not dependent) & family of son purely for tax benefits because father is in 30% tax bracket while his son is in 20% bracket

  33. Sanjeev Sethi says:

    if possible, Please reply for reimbursement of medical expenses for self and his family. what amount should to be eligible for exemption u/s 80D of I.T.Act in A.Y.2016-17

  34. Sandeep Singh says:

    Sir, my father aged 68years went through an angioplasty in May 2015 & incurred expenses worth ₹1,95,000/- . now can I claim tax relief under section 80D.

  35. UPENDRA GUPTA says:

    I UPENDRA GUPTA 30YEARS I WANTS TO PURCHASE OF MEDICLAIM (COVERED MY PARENTS &MY FAMILY PARENTS AGE OF 54YEARS & 50YEARS PLESE GIVE ME DETAIL

  36. RAJEEV KHULBE says:

    sir i have a doubt about your article.
    for f,y 2015-2016 deduction u/s 80d is increased
    Budget 2015 has increased the deduction allowed to Rs. 25,000 & Rs. 30,000 (for Senior Citizens).you wrote that in serial no. 11 that

    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 (Rs. 20000/- from A.Y. 2016-17) . In case any of the persons specified above is a senior citizen and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000 (Rs. 30,000/- from A.Y. 2016-17).

  37. RAVINDER SINGH RAO says:

    I have not taken mediclaim policy but incurred Rs 7000/- for payment of preventive health check up for myself and my dependent wife. Please advise if a deduction of Rs 5000/- would be allowed under section 80D for payment of preventive health check up to me.

    Regards
    RAVINDER SINGH RAO
    9671433245

  38. raj says:

    1. Parents of spouse can be claimed by the spouse in her IT returns.
    2. Preventive check up would cover Master Health checkups.
    3. Proposers name is immaterial. As long as you pay the premium for your parents, you can claim deduction.

  39. Harish Iyer says:

    I have a mediclaim policy for my dependent mother(senior citizen). But at the time of taking the policy,I had given my wife’s name as proposer. Can I take the tax benefit under 80D since my name does not appear in the policy?

  40. Gopal says:

    You have stated “parents of spouse are also covered” under Section 80 D. I do not think so and i have not been able to get any detail for this in any of the IT Department website for this. Can you explain your rationale on how you arrived at this conclusion?

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