Deduction 80D for A Y 2021-22

Deduction 80D for A Y 2021-22

According to Income Tax Act 1961 section 80D also popular in assessee.

Section 80D claim by mostly assessee.

Deduction in respect of Medical insurance premia (Section 80D)

Essential conditions for claiming deduction under this section:

  1. Deduction is permissible, under this section, only to an individual or HUF
  2. Deduction is allowed for the following purpose-
  3. As per section 80D(2), in case of an individual, it is allowed for such sum as referred to below by the aggregate of the following-
  4. (i) the whole of the amount paid to effect or to keep in force an insurance on the health of the individual or any member of his/her family,

(ii) any contribution made to the central government health scheme or such other scheme as may be notified by the central government in his behalf,

(iii) any payment made on account of preventive health check-up of the individual or any member of his/her family,

As does not exceed in the aggregate rs. 25,000 (rs. 50K in case if any such person specified in this clause (a) is a senior citizen), and

  1. The amount paid to effect or to keep in force an insurance on the health of the his/her parents or parents, or any amount paid on account of preventive health check-up of his parent or parents as dose not exceed in the aggregate rs 25K (rs 50K in such case if any such person specified in the clause B is a senior citizen)
  2. The whole of the amount paid on account of medical expenditure incurred on the health of the individual or any member of his/her family who is a senior citizen as does not exceed in the aggregate rs. 50K provided no amount has been paid to effect of keep in force an insurance of the health of such person, and
  3. The whole of the amount paid on account of medical expenditure incurred on the health of his parent who is a senior citizen as does not exceed in the aggregate rs. 50K provided no amount has been paid to effect of keep in force an insurance on the health of such person.

Provide that the aggregate of the sum specified under clause A and clause C or the aggregate of the sum specified under clause B and D above shall not exceed Rs. 50K