Please let me know if I can claim rebate under Se.80D for the health insurance premium that i have been paying for my dependent mother-in-law.The premium is being deducted from my salary.I am a female employee and my mother-in-law is 75 years old.
2 Answers
You will not get any deduction under Section 80D for Mediclaim premium for your in-laws. But if your spouse is making the payment, Section 80D deduction is available since your spouse would be making payment for his / her parents which is allowable under Section 80D. Please note your spouse has to make the payment from his / her taxable income.
Yes u can get deduction u/s 80D on health insurance premium paid for dependent parents:-
1) You can get deduction u/s 80D upto the limit of Rs. 20000/- (Rs. 15000 +Rs. 5000*)for premium paid.
*Note:- Additional amount of Rs. 5000/- ,premium paid on the health of a senior citizen who is at least of 65 years old or more
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