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PolicyWala NewBie
Mediclaim policies - Section 80 D of the Income Tax Act
Hi All , I have two mediclaim policies to cover my family of 4. Details of the family and premium paid is below -
For self (age 40 years) - Rs. 12,000
For spouse (age 36 years) - Rs. 10,000
For father (age 68 years) - Rs. 17,000
For dependent mother-in-law (age 66 years) - Rs. 15,000
Could you please let me know -
1 - Is all the premium paid is exemped under section 80D?
2 - If Not. Please tell me what amount of deduction allowed under Section 80 D of the Income Tax Act on the above paid premium?
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