Hi,
What is the benefit and maximum of savings under 80D? Who can be included?
Hi,
What is the benefit and maximum of savings under 80D? Who can be included?
Limit of Tax benefits under 80 D
Age | Insurance Premium | Health Checkup | Medical Expense | Total Limit | |
---|---|---|---|---|---|
Employee or Spouse & Children | Less than 60 years | 25,000.00 | 5,000.00 | - | 25,000.00 |
Employee or Spouse & Children | 60-80 years | 50,000.00 | 5,000.00 | - | 50,000.00 |
Employee or Spouse & Children | 80 and above | 50,000.00 | 5,000.00 | 50,000.00 | 50,000.00 |
Age | Insurance Premium | Health Checkup | Medical Expense | Total Limit | |
Parents | Less than 60 years | 25,000.00 | 5,000.00 | - | 25,000.00 |
Parents | 60-80 years | 50,000.00 | 5,000.00 | - | 50,000.00 |
Parents | 80 and above | 50,000.00 | 5,000.00 | 50,000.00 | 50,000.00 |