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What is the amount of deduction allowed under section 80D for the financial year 2018-19?

Total Answers 1
Answer by: VISHAL BANSAL

Deductionunder section 80D is available for medical premium paid on health of yourfamily (i.e. self, spouse & children) or medical premium paid on health ofyour parents. The deduction can beallowed to the extent of-

Premium paid on health of yourfamily (maximum allowed)-

*Rs. 25,000 in respect of your family if no one is senior citizen.

*Rs. 50,000 in respect of your family if anyone is senior citizen.

Additional deduction for premium paidon health of your parents (maximum allowed)-

*Rs. 25,000 in respect of your parents if no one is senior citizen.

*Rs. 50,000 in respect of your parents if anyone is senior citizen.

This deduction is allowed w.e.f. 01.04.2018 on wards.


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