Timir aged 5 years subscribed to health insurance for himself, wife and son and paid premium of ₹ 28,000. He also incurred medical expenditure for his parents during the year amounting to ₹ 32,000. He can claim deduction for these expenses as per section 80D of the Income-tax Act, 1961, of:
A. ₹ 57,000
B. ₹ 30,000
C. ₹ 28,000
D. ₹ 55,000
Answer:A
Timir aged 5 years subscribed to health insurance for himself, wife and son and paid premium of ₹ 28,000. He also incurred medical expenditure for his parents during the year amounting to ₹ 32,000. He can claim deduction for these expenses as per section 80D of the Income-tax Act, 1961, of:
A. ₹ 57,000 B. ₹ 30,000 C. ₹ 28,000 D. ₹ 55,000