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NewBie
How to get full tax rebate (80D) of two year health insurance policy?
When a person pays mediclaim premium for 2 years together (Example: Rs.10,000/- for two years; from 1st Jan 2013 to 31st dec 2014). So for which assessment year this amount (Rs 10,000/) can be claimed under 80D the benefit. Should the Amount split 5000/5000 for 2 assessment years or it will only be applicable for the financial year he paid the premium in (example - 2012-13 in the above).
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Moderator
You can claim mediclaim premium, only in the year you paid the premium.
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NewBie
If you want to get tax rebate from your health insurance plan for both the years then you need to provide different payment slips for each financial year.
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