Section 80D allows a deduction for medical expenses like medical insurance premium, expenditure and preventive health checkup.
Individuals and HUFs can claim these medical expenditures u/s 80D. The deduction limit for health checkup is INR 5,000. However, the limit for medical insurance premium varies based on those covered under it.
|Paid For||Overall Limit|
|Self, Spouse & Children||30,000|
|Self, Spouse & Children + Parents||50,000|
|Self, Spouse & Children + Senior citizen Parents||75,000|
|Self, Spouse & children (senior citizen) + Senior citizen parents||1,00,000|
|HUF member (Senior Citizen)||50,000|