To get the Mediclaim exemption under Section 80(D), we need to map four (4) WTs in V_T7INIC under the sub section 2, Division 1, 2, 3 and 4 respectively for the exemption of 1. Mediclaim Insr Premium ( Non_Senior Citizen ) - 25,000/- 2. Mediclaim Insr Premium ( Senior ...
The amount paid towards mediclaim premium for self/spouse/children provides tax exemption undersection 80Dfor a maximum of Rs 15,000 with another Rs 15,000 benefit on mediclaim premium for parents (Rs 20,000 if parents are senior citizens). Although, not advisable, mediclaim must not be tak...