September 19, 2019

Deduction U/S 80D of Income Tax Act,1961

Deduction in respect of medical insurance premium 80D

Amount of deduction

For Mediclaim: For claiming deduction under this section,payment for mediclaim should be made by any mode other than cash

♠ In case of Individual :

  • Deduction in respect for Family : Maximum deduction is 25,000

Family means Individual, Spouse and dependent children of individual

If any member of family is senior citizen then a maximum deduction is Rs.30,000

  • Deduction in respect of Parents(whether dependent or not) : Maximum deduction is 25,000

              If any of the parents is senior citizen then maximum deduction is Rs.30,000

Amount spent for

  • Medi-Claim insurance premium
  • Contribution to CGHS/notified scheme

For Preventive Health Check-up: Amount spent for preventive health check up(both for family and parents) shall be allowed deduction to the extent of Rs.5000 (whether paid in cash or not)

Maximum deduction under this section is Rs.60,000

♠ In case of HUF

  • Deduction in respect of any member: Maximum deduction is Rs.25,000

If any member of HUF is senior citizen then a maximum deduction is Rs.30,000