The maximum deduction allowed to Family member —
<60 yrs———-Rs.25000/-
>60 Yrs———Rs.50000/-
For Parents
<60 yrs———-Rs.25000/-
>60 Yrs———Rs.50000/-
If total Premium paid Rs.1,30,000/-
What will be the amount of total deduction allowed in——-
i) Assessee and Parents are senior citizen –Rs.1,00,000(50000+50000)
ii)Assessee (Not senior citizen) and Parents (senior citizen)—-Rs.75,000(25000+50000)
iii) What will be the amount of deduction when Assessee or parents are aged exactly 60 Yrs
Attached Bare Act 80D duly highlighted portion of doubt–
Wasif KalimIntermediate
Deduction u/s 80D
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Hi Wasif
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