Health Insurance Tax Benefits 2018-19 (AY 2019-20).
Health insurance premium paid for Self, Spouse or dependent children is tax deductible up to Rs.25,000. However, if any one of the persons mentioned above (Self, Spouse or dependent children) is a senior citizen and Mediclaim Insurance premium is paid for such senior citizen then the deduction amount will be Rs.50,000 from FY 2018-19 (AY 2019-20).
Same way, health insurance premium paid towards parents is eligible for deduction up to Rs.25,000 under Sec.80D. However, if any one of your parents is senior citizens (above 60 years of age), then the limit is Rs.50,000.
For senior citizens above the age of 60 years, who are not eligible to take health insurance, the deduction is allowed for Rs 50,000 towards medical expenditure.
for Health Insurance Related Services,
Including Senior Citizen Mediclaim,
U can call now 98401 77017 Devarajan
www.starhealthdevarajan.com
https://www.facebook.com/mediclaimagent
#starhealth #mediclaim #seniorcitizen
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