Wednesday, January 9, 2013

Tax Benefits under Section 80D






Description
Medical Insurance Premium paid in respect of
Total Deduction under Sec. 80D
Self, Spouse & Dependent Children
Parents (whether dependent or not)
No-one has attained the age of 60 years
Rs. 15,000
Rs. 15,000
Rs. 30,000
Assessee and his family is less than 60 years & parents are above 60 years of age
Rs. 15,000
Rs. 20,000
Rs. 35,000
Assessee and his parents have attained the age of 60 years and above
Rs. 20,000
Rs. 20,000
Rs. 40,000

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