Section 80D
Section 80D provides deductions from taxable income for premiums paid toward health insurance policies and certain medical expenditures. Available to individuals and HUFs under the old tax regime.
Deduction Limits
| Insured | Age | Limit |
|---|---|---|
| Self + Spouse + Children | Below 60 | ₹25,000 |
| Self + Spouse + Children | 60+ | ₹50,000 |
| Parents | Below 60 | ₹25,000 |
| Parents | 60+ (senior) | ₹50,000 |
Maximum combined: Self below 60 + Parents senior = ₹25,000 + ₹50,000 = ₹75,000. Both senior = ₹1,00,000.
What Qualifies
- •Health insurance premiums for self, spouse, dependent children, and parents
- •Preventive health check-up up to ₹5,000/year (within the overall limit, not additional)
- •Medical expenditure for uninsured senior citizens up to ₹50,000 (in lieu of premium deduction)
Conditions
- •Premiums must be paid by non-cash mode (cheque, NEFT, UPI). Preventive check-ups can be paid in cash.
- •The ₹5,000 preventive health check-up sub-limit is carved from the main limit (not in addition).
Under New Tax Regime
Section 80D is not available under the new regime. Taxpayers must choose the old regime to claim this deduction.