Question on exemption of Rs.15000 against medical bills

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  1. Shankar Guru

    Shankar Guru New Member

    My dad is senior citizen (73 years) and his annual income falls in the 10% income tax bracket. He is retired. Is the exemption of Rs.15,000 against medical bills applicable to my dad as well?

    VAIBHAV DILIP RANE Active Member

    * If a person has received any Medical Allowances, forming part of Salary,
    Then Amt Recd as Medical Allowances or Medical Expenditure paid, which ever is less, is Exempt. u/s. 10(14)

    * If a person paid a Medical Insurance Premium (Mediclaim) for insuring life of Self / Spouse / Children,
    Then Deductions is allow under section 80D, as under,
    If Insured is Senior Citizen Parent than Rs. 20,000
    If Insured is not a Senior Citizen than Rs. 15,000
    Prateek Bhardwaj likes this.
  3. guptaalok100

    guptaalok100 New Member

    But if the polices taken and certificate provided by the company is in the name of wife , then whether it can be claimed by the husband?

    VAIBHAV DILIP RANE Active Member

    Whether It is a Medical Insurance Policy or Life Insurance Policy,...

    Policy may be in any Name or person Insured may be any one,...

    But Important is who is paying the Premium; one Who pays the Premium gets Benefit of Deductions,...

    Person - must in Relation as context to Sec. 80C and 80D,...
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