Find
₹25,000 to ₹1,00,000 deduction depending on age and coverage. Covers self, spouse, children, and parents separately. Most people claim far less than they are entitled to because they do not know the parent-specific limit.
Advance tax, notices, deductions · Deductions 80C–80U
Section 126 (old 80D): Health Insurance Premium Deduction
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Provisions
Sec 80D(2); Sec 80D(3); Sec 80D(4); Proviso Sec 126 (old 80D); CBDT Circular
Analysis
Four scenarios and maximum deduction: (1) Self + family (all below 60) + parents (below 60): ₹25K + ₹25K = ₹50K. (2) Self + family (below 60) + parents (senior citizens): ₹25K + ₹50K = ₹75K. (3) Self is senior citizen + parents senior citizens: ₹50K + ₹50K = ₹1L. (4) Self is senior citizen, no parents: ₹50K. What qualifies: Mediclaim/health insurance premium (individual, family floater, super top-up), critical illness rider premium, personal accident insurance premium (for life), preventive health check-up (₹5K sub-limit within overall limit, cash allowed). What does NOT qualify: Premium on hospital daily cash policy (savings plan), group health insurance employer pays (you cannot claim), life insurance premium (goes under Sec 123, Income-tax Act 2025 (old Sec 80C)), maternity insurance claims, accident insurance if it also covers motor accidents.
Close
- Confirm old regime is selected (Sec 126 (old Sec 80D) only in old regime)
- Collect health insurance premium receipts for: self + family policy
- Collect health insurance premium receipts for: parents' policy (separate from your family policy)
- Check age of self/spouse/children, if anyone above 60, limit for that group increases to ₹50K
- Check age of parents, if either parent above 60, parent limit increases to ₹50K
- Confirm all premiums paid by non-cash mode (bank transfer / cheque / card)
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