Below are the Medical insurance premiums i have paid for the AY 2018-2019:
Self, Wife and Kids - 10926
Senior parents - 31071
Annual health check up for Senior parents - 6700
My question is can the entire amount be claimed by me i.e., 10926+31071+6700 = 48697 (As this is below the 55000 limit defined for self family and senior parents limit under section 80D) or is it restricted to 10926+30000 (Since there is a limit of 25000 for self and family and 30000 limit for senior parents) = 40926.
Can you help me with this query?
1 Answers
Hi,
For FY 2017-18 or AY 2018-19, in your case 10926+30000 (Since there is a limit of 25000 for self and family and 30000 limit for senior parents) = 40926 would be allowed.
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