What is the upper limit/maximum deduction available for Hindu Undivided Family (HUF) assessee under section 80D, i.e., for the payment made towards medical insurance?


Amrinder Amrinder
Answered on February 05,2020

In the case of Hindu Undivided Family (HUF), deduction under section 80D can be claimed as follows:
a)     
If the payment is made for medical insurance premium of any member of the HUF then deduction of Rs. 25,000 is allowed.
In case the member for whom the premium is paid is a senior citizen or a very senior citizen ,then deduction of Rs. 50,000 is allowed
b)    
If the payment is made for medical expenditure for any member of the HUF then deduction of Rs. 50,000 is allowed. This deduction is allowed with a condition that the payment is made for the treatment of a very senior citizen (senior citizen from A.Y 2019-20) provided that no payment is made to effect on to keep in force on issuance on the health of such person.

Further, as per section 80D the deduction provided under point a) and b) shall not exceed Rs. 50,000.

Further in case of single premium health insurance policies having cover of more than one year, deduction u/s 80D is allowed on proportionate basis for the number of years for which health insurance cover is provided to the extent of specified limit.


 
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