Additional deduction u/s 80D for covering parents in Mediclaim policy

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  1. Pranab Kumar Ghosh

    Pranab Kumar Ghosh New Member

    Additional deduction u/s 80D for covering parents in Mediclaim policy whether still applicable under the proposal in Budget 2015 is not clear.

    Shall be grateful if clarified.

    Regards,
    Pranab Kr. Ghosh
     
  2. rudrabose

    rudrabose Active Member

    Earlier the deduction allowed for mediclaim policy of parents above the age of 60 years was Rs. 20,000. This has now been increased from Rs. 20,000 to Rs. 30,000

    This is over and above the deduction allowed to you under Section 80D

    Feel free to post in case of any other queries.
     
  3. Pranab Kumar Ghosh

    Pranab Kumar Ghosh New Member

    Thank you Mr Bose for your prompt response. To seek a further clarification, does it mean that a person taking mediclaim policy covering his parents above the age of 60 years can claim a total deduction of Rs.15000 + Rs.30000 i.e. in all Rs 45000 deduction under sec 80D? Shall be grateful for clarification.
    Regards,
    P.K. Ghosh
     
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