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Health insurance deduction limits under 80D

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You can claim up to ₹25,000 for self, spouse and children, and up to ₹50,000 for senior citizen parents, so up to ₹75,000 in total. If you are also a senior, your own limit is ₹50,000.

Provisions

Sec 80D, Income-tax Act 1961 (now Sec 126)

Analysis

If your family floater premium is ₹22,000 and your parents' policy is ₹48,000, you claim ₹22,000 plus ₹48,000, total ₹70,000. Premium must be paid by any mode other than cash. This deduction is only in the old regime.

Close

  1. Collect premium receipts for each policy.
  2. Check the age of insured parents.
  3. Apply each limit separately.
  4. Pay premiums by non-cash mode.
  5. Claim under the old regime.

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