Complete Details of Deduction Under Section 80D

Section 80D is also known by almost all the individuals who file their Income Tax Return. As most of them utilize the deduction under this section. However, many of them, not able to use this deduction fully, maybe because of the lack of full details of this section's deduction.

So, here I am writing this article for you. So, you are able to utilize this section deduction.

This deduction is applicable for Individuals and HUFs.

The purpose of making this section is that people will start spending money on their health. By this way, they can take good care of health by a routine check-up and health-related medical expenses.

Under this section, you can utilize the amount of deduction depending upon for whom you are paying the medical expenses, type of expenditure, the age of the person and payment mode.

This section provides a deduction of the following expenditures:

• Medical Insurance Premium
• Preventive Health Check-up
• Contribution to Central Government Health Scheme (CGHS) or any notified scheme and
• Medical expenditures for senior citizens

Below are the details of the amount of deduction:-

For Self and Family :

If a person pays the amount on health insurance premium for himself and family, then he will be able to get the Total Deduction of Rs. 25,000/- under this section. This amount is inclusive of the amount paid on health check-up worth Rs. 5,000/-.

For Self and Family & Parents :

If a person pays the amount on health insurance premium for himself and family plus on his parents, then he will be able to get the Total Deduction of Rs. 50,000/- under this section. Additional Rs. 5,000/- amount is available for payment on health check-up.

For Self and Family & Senior Citizen Parents :

If a person pays the amount on health insurance premium for himself and family plus on his senior citizen parents, then he will be able to get the Total Deduction of Rs. 55,000/- under this section. Additional Rs. 5,000/- amount is available for payment on health check-up.

For Self (Senior Citizen) and Family & Senior Citizen Parents :

If a person pays the amount on health insurance premium for himself (where he is a senior citizen) and family plus on his senior citizen parents, then he will be able to get the Total Deduction of Rs. 60,000/- under this section. Additional Rs. 5,000/- amount is available for payment on health check-up.