| Question And Answer | |
|---|---|
| Subject: | Whether the assessee can claim deduction u/s 80D in respect of medical premium payment ? |
| Category: | Income-Tax |
| Querist: | Shrinivas Dixit |
| Answered by: | Advocate Neelam Jadhav |
| Tags: | deduction, Deduction u/s 80D, Mediclaim |
| Date: | May 15, 2021 |
Myself (aged 58 years) is paying Mediclaim premium for my family (myself,wife and two daughters) and also paying Mediclaim for my parents (father aged 86 years and mother aged 81 years). I do claim the benefit under 80D for the premium paid for my family as well as parents.
My father has an average yearly expenses of Rs 20000/ for Medicines on hypertension and my mother for some preventive medicines (recently had breast cancer surgery done).
Can my father (who is a taxpayer with income marginally higher than Rs 5 Lakhs) claim deduction under 80D for the medical expenses ? He is covered under medical insurance for which premium is paid by me
i. The Assessee is paying Mediclaim premium for his Family as well as his parents who are senior citizens, then Assessee can claim deduction under section 80D(2)(a) for family amount restricted to Rs.25,000/- and under section 80D(2)(b) for parents amount restricted to Rs.25,000/-.
ii. In this situation, the Father of the Assessee who is a taxpayer and filling his return of income can claim deduction under 80D for the medical expenses in his Return of Income up to Rs.50,000/-. Even if the medical insurance was paid by the Assessee.