Earlier in FY 2017-18

Section 80D Deduction available of 

25000 for Family + 25000 for Parents

If senior citizen ,then 30000 Deduction

Now in FY 2018-19

Section 80D Deduction available of

25000 for Family + 25000 for Parents

if senior citizen,limit increased to 50000

 

SUMMARY

Deduction for 80D

CASE Earlier Now
If Below 60    
Self and Family 25000 25000
Parents 25000 25000
     
If Parents more than 60    
Self and Family 25000 25000
Parents 30000 50000
     
If Self and Parents both more than 60    
Self and Family 30000 50000
Parents 30000 50000

 

 

Example

Particulars Case 1 Case 2 Case 3 Case 4
Income from Salaries 400000 400000 400000 400000
         
Medical Insurance Made        
Self 8000 8000 8000 27000
Wife 8000 8000 8000 27000
Children   8000 8000 27000
Father (Senior Citizen)     8000 42000
View Answer

 

  1. Tax Practical
  2. Budget Amendments - Changes in 2017-18
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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