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

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..... IT Exemption for Mediclaim (u/s 80 D) for parents of spouse
Query (Issue) Started By: - Ashay Kadam Dated:- 22-1-2015 Last Reply Date:- 17-2-2016 Income Tax
Got 1 Reply
Income Tax
Hi, I .....

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..... 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 ( .....

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..... 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 .....

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..... - ₹ 15,000/- * for senior citizen parents = ₹ 35,000/- I have two queries: * Can I consider Mediclaim of my Father-in-Law and Mother-in-Law for tax exemption? * As you can see that .....

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..... both policies are combined with senior citizen member, what will be exactly eligible amount for tax exemption? Thanks. - Ashay Kadam Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have g .....

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..... ot 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 t .....

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..... erm 'family' as spouse and dependent children.
Discussion Forum - Knowledge Sharing .....

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