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Question - What are the proposed amendment in section 80D in Finance Bill 2015 ?
Amendment in section 80D relating to deduction in respect of health insurance premium
28 Feb 2015 
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Deduction for health insurance premiums expanded; medical expenditure relief added for very senior citizens, aggregate caps maintained.
The amendment raises section 80D deduction limits: individual/HUF health insurance premium deduction increased to twenty five thousand rupees, senior citizen deduction increased to thirty thousand rupees. It defines very senior citizen as age eighty or more and allows medical expenditure for very senior citizens (where no premium was paid) as a deduction up to thirty thousand rupees, with aggregate caps of thirty thousand rupees for individuals and for parents. Effective 1 April 2016 for assessment year 2016 17 onwards. (AI Summary)
The amendment raises section 80D deduction limits: individual/HUF health insurance premium deduction increased to twenty five thousand rupees, senior citizen deduction increased to thirty thousand rupees. It defines very senior citizen as age eighty or more and allows medical expenditure for very senior citizens (where no premium was paid) as a deduction up to thirty thousand rupees, with aggregate caps of thirty thousand rupees for individuals and for parents. Effective 1 April 2016 for assessment year 2016 17 onwards. (AI Summary)