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Thread: Mediclaim Premium Deduction

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  1. #1
    Moderator
    Join Date
    Feb 2009
    Location
    Noida
    Posts
    54

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    As per the various provisions deduction of Rs. 15000/- is available for the
    taxpayer, spouse and dependent and another Rs.15,000 separately for parents.

    And if your parents are senior citizens, this limit is Rs.20,000. In your case,

    you can claim for Rs.25,000/-.

  2. #2
    Moderator Taxman's Avatar
    Join Date
    Feb 2009
    Location
    Pune
    Posts
    55

    Default

    If in your family any person is above 65 years of age then you shall claim Rs.
    20000/- as Mediclaim Deduction

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