Page 6 - HDFC Bank TPP Flipbook

Income Tax Eligible Assessee Deductions Limit of Deduction
Section
80D Individual/HUF Mediclaim Premium paid on the health:
I. In case of individual:
(a) Self, Spouse and dependent Children
(b) Parent/Parents
II. In case of HUF, on the health of any Maximum r 25,000
member of HUF
Maximum r 25,000
If any person specified in clause (I) or (II) Maximum r 25,000
age is ≥ 60 years
Maximum r 50,000
(Payment shall be made by any mode
other than Cash)(out of the permissible
deduction, payment on account of
preventive health check-up shall not exceed
r 5,000/- in each case - Payment shall be
made by any mode including Cash)
In case of single premium health insurance
policies having cover of more than one
year, then the deduction shall be allowed
on proportionate basis for the number of
years for which health insurance cover is
provided, subject to the specified monetary
limit.
80DD Resident Expenditure incurred for medical treatment
Individual/HUF (including nursing), training and rehabilitation
or amount paid/deposited under any scheme
framed by LIC/UTI/approved insurer for payment
of annuity or lump sum amount for the benefit of
dependent being a person with disability.
Normal Disability r 75,000
Severe Disability r 1,25,000

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