Deduction under Sec.80D of Income Tax act

[P.S.Halder]

Dear Sir,

             Who can say that " preventive health check-up, up to Rs 5000/- is inclusive of Rs 15000/- which is allowable under Sec. 80D or it is exclusive of Rs.15000/-.

That means if any one spend more than Rs.15000/- for mediclaim etc and spend 

more than 5000/ for preventive health check up etc then he would be eligible for Rs.20000/- or Rs. 15000/- ? "   Which is correct? Please analyse.

Details discussion is desirable.

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*Parthasarathi Halder,Kolkata,West Bengal,India.*

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[mohan p]

Dear Mr Haldar,

                        As per SEc.80 under IT, a sub limit of Rs.5000/ is  allowed    for Preventive Health Check Up of either the individual himself or his family members which include parents and children,it is inclusive of maximum eligible limit. It is also to be noted that the amount of Rs.5000 is the maximum.

                        For those less than 60 years old: When you pay health insurance premium for self or spouse or children (allowed for dependent children) you can now claim a deduction of Rs 25,000 instead of Rs 15,000 allowed earlier. 

                       For Senior Citizens:In case of premium paid for senior citizens the deduction allowed shall be up to Rs 30,000 during FY 2015-16.. 

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[sudhir srivastava]

Sir,

Rs 15,000/- is ceiling. under sec 80 D of IT exemption. Preventive Health Checkup & .Health Insurance premium paid 

[RAJARAMAN CHAKKARAI]

Hi all,

Please find the clarification for Sec 80 D for FY 2015-16 :

Deductions on Medical Insurance

Section 80D: Deduction in respect of Medical Insurance

For financial year 2014-15 - Deduction is available up to Rs. 15,000/- to an assessee for insurance of self, spouse and dependent children. If individual or spouse is more than 60 years old the deduction available is Rs 20,000. An additional deduction for insurance of parents (father or mother or both) is available to the extent of Rs. 15,000/- if less than 60 years old and Rs 20,000 if parents are more than 60 years old. Therefore, the maximum deduction available under this section is to the extent of Rs. 40,000/-. (From AY 2013-14, within the existing limit a deduction of up to Rs. 5,000 for preventive health check-up is available).

For financial year 2015-16 – Deduction is raised from Rs 15,000 to Rs 25,000. The deduction for senior citizens is raised from Rs 20,000 to Rs 30,000. For uninsured super senior citizens (more than 80 years old) medical expenditure incurred up to Rs 30,000 shall be allowed as a deduction under section 80D. However, total deduction for health insurance premium and medical expenses for parents shall be limited to Rs 30,000.

Regards

Rajaraman

[Balasundaram Ramaswamy]

Is  preventive health check up is independent of heail ins premium? In other words if I undergo the check up on my own in a diagnostic centre,can I claim the benefit?

R.Balasundaram

1902, Springs

Island City Centre

G.D.Ambekar Road

Dadar East

Mumbai 400 014

Res: 022 6634 1902
Cell:+919880471511

[MANOHAR SHARMA]

PLEASE SEE DIFFERENT SLABS OF 80 D FOR  A.Y. 2015-16 AND A.Y.2016-17.

FOR F.Y.2015-16(A.Y. 2016-17 ) LIMIT IS RS.30000/-. FOR SENIOR CITIZENS.

IF ASSESSEE AND PARENTS BOTH ARE  SENIOR CITIZEN  THEN LIMIT 

OF RS. 60000/- CAN BE AVAILED.(F.Y.2015-16,A.Y.2016-17).

FROM " TAX GURU "

[RAJARAMAN CHAKKARAI]

Dear Mr Balasundaram,

Yes. You can claim to the extent of Rs 5000/- for Preventive Health Checkup. However within the overall limit allowed under Sec 80 D.

Regards

Rajaraman

[Nageswara Rao]

Dear Halder,

Under  80D only Rs.15,000/- maximum is allowed

Regards,

V.V.NAGESWARA RAO

CBI RETIREE

VIJAYAWADA

From: "P.S.Halder" <gouta...@gmail.com>
Sent: Wed, 30 Dec 2015 09:17:36
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
Subject: bankpensioner Deduction under Sec.80D of Income Tax act

Dear Sir,

             Who can say that " preventive health check-up, up to Rs 5000/- is inclusive of Rs 15000/- which is allowable under Sec. 80D or it is exclusive of Rs.15000/-.

That means if any one spend more than Rs.15000/- for mediclaim etc and spend 

more than 5000/ for preventive health check up etc then he would be eligible for Rs.20000/- or Rs. 15000/- ? "   Which is correct? Please analyse.

Details discussion is desirable.

--

*Parthasarathi Halder,Kolkata,West Bengal,India.*

✔ Get a Signature like this: Click Here!

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[RAJARAMAN CHAKKARAI]

Hi,  The limit under Sec 80D is enhanced to INR 25000 for FY 2015 - 16 from 15000. This 25000 is the overall limit which includes 5000 for Preventive Health Check up.

Regards,
Rajaraman

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