Amendment of section 80D.

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....assessee or any member of his family as does not exceed in the aggregate thirty thousand rupees; and (d) the whole of the amount paid on account of medical expenditure incurred on the health of any parent of the assessee, as does not exceed in the aggregate thirty thousand rupees: Provided that the amount referred to in clause (c) or clause (d) is paid in respect of a very senior citizen and no a....

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.... the health of any member of the Hindu undivided family as does not exceed in the aggregate thirty thousand rupees: Provided that the amount referred to in clause (b) is paid in respect of a very senior citizen and no amount has been paid to effect or to keep in force an insurance on the health of such person: Provided further that the aggregate of the sum specified under clause (a) and clause (....

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.... years or more at any time during the relevant previous year; (ii) "very senior citizen" means an individual resident in India who is of the age of eighty years or more at any time during the relevant previous year.'. - Clause 18 of the Bill seeks to amend section 80D of the Income tax Act relating to deduction in respect of health insurance premia. The existing provisions contained in the af....

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....ears or above. It is proposed to amend the said section so as to raise the limit of deduction from fifteen thousand rupees to twenty-five thousand rupees. It is also proposed to define a 'very senior citizen' to mean an individual resident in India who is of the age of eighty years or more at any time during the relevant previous year. It is further proposed to raise the limit of deduction in r....