Deduction in respect of Medical Insurance Premia - Section 80D

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..... eligible * The section offers deductions over and above the exemptions derived from the more popularly known Section 80C. Amount of Deduction: Deduction in the case of individual Deduction in the case of HUF For whose benefit payment can be made Family Parents Any member * Medi-claim insurance premium Eligible Eligible Eligible Contribution to CGHS/notified scheme Eligible - - .....

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..... Citizen assessee or his parents the limit of ₹50,000 will be allowed on payment for medical expenditure even if no insurance has been taken. * Overall deduction u/s 80D shall not exceed ₹75,000. * The above payments should be made by any mode other than cash. However, payment on account of preventive health checkup can be made by any mode (including cash) * Senior citizen is a re .....

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