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

[Guest]

Hi,

I 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 (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 - ₹ 15,000/-
• for senior citizen parents = ₹ 35,000/-

I have two queries:

1. Can I consider Mediclaim of my Father-in-Law and Mother-in-Law for tax exemption?
2. As you can see that both policies are combined with senior citizen member, what will be exactly eligible amount for tax exemption?

Thanks.

- Ashay Kadam

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got 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 term 'family' as spouse and dependent children.

AI Summary

Family definition excludes parents in law under the income tax provision, so mediclaim premiums for them are ineligible for deduction. The statutory definition of family is limited to spouse and dependent children and therefore excludes parents in law; premiums for in laws are not eligible for deduction. Deduction ceilings vary by beneficiary class and senior citizen status, and when a combined policy covers eligible and ineligible persons only the portion attributable to eligible family members may be claimed within the applicable limits.