Health insurance tax deduction for parents for FY 2018-19

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Health insurance tax deduction for parents for FY 2018-19

Hi…How much tax deduction can I claim for health insurance of parents, if father is 61 years old and mother is 58? This is for FY 2018-19

Profile photo of Ankit Bansal Asked By: Ankit 1 replies 0 helpful answers Last Updated: 2 weeks, 2 days ago
  • Profile photo of Ankit BansalAnkit
    Participant

    Hi…How much tax deduction can I claim for health insurance of parents, if father is 61 years old and mother is 58? This is for FY 2018-19

  • Profile photo of Madhuri N MarneMadhuri N Marne
    Moderator

    Hello Ankit,

    You can avail a tax deduction of up to Rs.50,000 for health insurance premium paid by you, for your parents during the FY 2018-2019.

    Feel free to reach us for any further queries.

    Thank You

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