IT Exemption for Mediclaim (u/s 80 D) for parents of spouse, Income Tax

[Ashay Kadam]

Hi,

I have two Mediclaim Policies as follows:

• 1st Mediclaim Policy: Myself, My father and My Mother (Annual Premium ₹ 12,712/-)
• 2nd Mediclaim Policy: My Wife, Father-in-Law and Mother-in-Law (Annual Premium ₹ 12,328/-)

(Note: My Father and my Father-in-Law are Senior Citizens)

u/s 80 D: Limits of tax exemption are as follows:

• for self, spouse, dependent children + parents = Max - ₹ 15,000/-
• for senior citizen parents = ₹ 35,000/-

I have two queries:

1. Can I consider Mediclaim of my Father-in-Law and Mother-in-Law for tax exemption?
2. As you can see that both policies are combined with senior citizen member, what will be exactly eligible amount for tax exemption?

Thanks.

- Ashay Kadam

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got cleared in the above query. However I give my view. You are not eligible for the medical of your father-in-law and mother-in-law for tax exemption, since explanation to Section 80D(2) defines the term 'family' as spouse and dependent children.