80D. Deduction in respect of health insurance premia.
(1)In computing the total income of an
assessee, being an individual or a Hindu undivided family, there shall be deducted such sum, as specified
in sub -section ( 2) or sub -section ( 3), payment of which is made by any mode 4[as specified in sub -section
(2B)], in the previous year out of his income chargeable to tax.
(2)Where the assessee is an individua l, the sum referred to in sub -section ( 1) shall be the aggregate
of the following, namely: -
(a)the whole of the amount paid to effect or to keep in force an insurance on the health of the
assessee or his family 5[or any contribution made to the Central Government Health Scheme] 6[or
such other scheme as may be notified by the Central Government in this behalf] 7[or any payment
made on account of preventive health check -up of the assessee or his family] as does not exceed in
the aggregate 8[twenty -five thousand rupees ]; and
(b)the whole of the amount paid to effect or to keep in force an insurance on the health of the
parents or parents of the assessee 7[or any payment made on account of preventive health check -up of
the parent or parents of the assessee] as does not exceed in the aggregate 8[twenty -five thousand
rupees ];
9[(c) the whole of the amount paid on account of medical expenditure incurred on the health of
the assessee or any member of his family as does not exceed in the aggregate 10[fifty 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 10[fifty thousand rupees ]:
Provided that the amount referred to in clause ( c) or clause ( d) is paid in respect of a 11*** 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 ( c) or the
aggregate of the sum specified under clause ( b) and clause ( d) shall not exceed 10[fifty thousand
rupees ].]
Explanation .-For the purposes of clause ( a), “family” means the spouse and dependant children of
the assessee.
7[(2A) Where the amounts referred to in clauses ( a) and ( b) of sub -section ( 2) are paid on account of
preventive health check -up, the deduction for such amounts shall be allowed to the extent it does not
exceed in the a ggregate five thousand rupees.