Deduction under section 80D

Section 80D is a provision in the Indian Income Tax Act that allows an individual to claim a deduction for the amount spent on medical insurance premium for self, spouse, dependent children, and parents. The maximum deduction allowed under Section 80D is Rs. 25,000 per financial year for the premium paid for self, spouse, and dependent children. In addition to this, an individual can claim a deduction of up to Rs. 25,000 for the premium paid for their parents. If the parents are senior citizens (aged 60 years or more), the maximum deduction limit is increased to Rs. 50,000.

DEDUCTION UNDER SECTION 80D

Assessment Year *

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Status *

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Assessee, Spouse, & dependent Children Assesee's parents

Payment for medical insurance premium (mode other than cash) /contribution to CGHS

Payment of medical insurance premium for resident Sr. Citizen – (mode other than cash)

Payment made for preventive health check up

Medical expenditure on the health of Resident very senior citizen for whom no amount is paid to effect/keep in force health) ( mode of payment other than cash )

Payment made for Medi-claim insurance premium

Payment made for Mediclaim insurance premium paid for resident Sr. Citizen of 60 years or more

Medical expenditure on the health of Resident very senior citizen for whom no amount is paid to effect/keep in force health) ( mode of payment other than cash )

DEDUCTION UNDER SECTION 80D

Advisory: Information relates to the law prevailing in the year of publication/ as indicated. Viewers are advised to ascertain the correct position/prevailing law before relying upon any document.

Disclaimer: The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc.