1. In case of an Individual:

1. Deduction in respect of insurance premium paid for family: A deduction to the extent of Rs. 25000 is allowed in respect premium paid to effect or to keep in force an insurance on the health of self, spouse and dependent children.

2. Deduction in respect of insurance premium for parents: A further deduction up to Rs.25,000 is allowable to effect or to keep in force an insurance on the health of parents of the assessee.

Quantum of deduction in case of senior citizen: An increased deduction of Rs 50,000 (instead of Rs 25,000) shall be allowed in case any of the persons mentioned above is a i.e., an individual resident in India of the age of 60 year some or eat any time during there levant previous year.

3. Deduction in respect of payment towards preventive health check-up: Section 80D provides that deduction to the extent of Rs.5,000 shall be allowed in respect payment made on account of preventive health check-up of self, spouse, dependent children or parents during the previous year. However, the said deduction of ` 5,000 is within the overall limit of Rs 25,000 or Rs. 50,000, specified in (i) and (ii) above.

2. In case of a HUF: Deduction under section 80D is allowable in respect of premium paid to insure the health of any member of the family. The maximum deduction available to a HUF would be Rs. 25,000 and in case any member is a senior citizen.

Further, the amount paid on account of medical expenditure incurred on the health of any member(s) of a family who is a resident senior citizen would qualify for deduction subject to a maximum of Rs 50,000 provided no amount has been paid to effect or keep in force any insurance on the health of such person(s).