I paid for my parents medical insurance premium. I am not part of it since I have insurance through my employer. Can I gain tax exemptions for it? If yes then what's the procedure to follow during tax filing?

Yes, you can claim the health insurance paid for your parents. You need to claim the deductions under Section 80 D. However, there is an upper limit of Rs.50,000 in case of senior citizens and Rs.25,000 in case of others.



Location: Kerala, India

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