What are the deductions under section 80D?

Health insurance premium paid by an individual for himself or for his family can be claimed u/s 80D.

Individual- The maximum deduction for a financial year is Rs. 25,000. A separate deduction could also be claimed for premia paid for the health of parents of an individual.

Senior citizen- for a senior citizen the deduction is extended to Rs. 30,000.

Super senior citizen-In case of a very senior citizen who is above 80 years of age are not eligible to take health insurance, the expenditure for their health is allowed under section 80D as per the above limits.

HUF- In case of HUF, the premium paid on the health of any member of the HUF shall also be deductible within such limit.

• According to Income Tax Act, a cash payment of Mediclaim is not allowed.
• Above tax, limits include deduction of payment against preventive health check-up. However, maximum deduction in case of Preventive Health Check-up is Rs. 5,000.

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