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Deduction u/s 80D

Posted @ March 7, 2013, 1:09 am under (Payroll Outsourcing & Taxation)

Section 80D in Respect to Health Insurance Premiums

 An assessee may avail  deduction under section 80D for investments made towards payment of health insurance premiums.


Available Deduction - For individuals less than 65 years of age, amount of health insurance premium paid or Rs. 15,000, whichever is lesser. For senior citizens above 65 years, amount of health insurance premium paid or Rs. 20,000, whichever is lesser .


A further deduction of Rs 15,000 could be claimed, for buying health insurance policy for your parents (Rs 20,000 if either of your parents is a senior citizen). This is irrespective of whether they’re dependent on you or not. No deductions can be claimed for in-laws.


Scope of Deduction - Individual assesses can claim deduction for premiums paid towards health insurance of self, spouse, parents and children.


For HUF assesses, premium paid for insuring the health of any member of the HUF, can be used for deduction


  1. The premium may be paid by any mode of payment, other than cash.
  2. The health insurance premium that you pay must be from the taxable income applicable for the year you claim. Premiums should not be from gifts received by you.
  3. Part payment of premium is allowed.





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