Comments on: Tax saving habit–a change is required series-1 http://taxguru.in/income-tax/tax-saving-habit-a-change-is-required-series-1.html Complete Tax Solution Fri, 10 Feb 2012 11:17:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sandeep Kanoi http://taxguru.in/income-tax/tax-saving-habit-a-change-is-required-series-1.html/comment-page-1/#comment-7680 Sandeep Kanoi Mon, 30 Nov 2009 05:52:29 +0000 http://www.taxguru.in/?p=15749#comment-7680 Thanks the same been rectified. Thanks the same been rectified.

]]> By: venkat http://taxguru.in/income-tax/tax-saving-habit-a-change-is-required-series-1.html/comment-page-1/#comment-7671 venkat Mon, 30 Nov 2009 03:39:53 +0000 http://www.taxguru.in/?p=15749#comment-7671 I think there is a mistake in 80D deduction on medical insurance policy. It should be fifteen thousand for individuals and twenty thousand for senior citizens . see this quote from the web page under he following section 80D shall be substituted for section 80D by the Finance Act, 2008, w.e.f. 1-4-2009 : webpage http://www.incometaxindiapr.gov.in/incometaxindiacr/contents/DTL2008/section80d.htm quote 4) Where the sum specified in clause (a) or clause (b) of sub-section (2) or in sub-section (3) is paid to effect or keep in force an insurance on the health of any person specified therein, and who is a senior citizen, the provisions of this section shall have effect as if for the words ?fifteen thousand rupees?, the words ?twenty thousand rupees? had been substituted. unquote I think there is a mistake in 80D deduction on medical insurance policy. It should be fifteen thousand for individuals and twenty thousand for senior citizens . see this quote from the web page under
he following section 80D shall be substituted for section 80D by the Finance Act, 2008, w.e.f. 1-4-2009 :

webpage
http://www.incometaxindiapr.gov.in/incometaxindiacr/contents/DTL2008/section80d.htm
quote
4) Where the sum specified in clause (a) or clause (b) of sub-section (2) or in sub-section (3) is paid to effect or keep in force an insurance on the health of any person specified therein, and who is a senior citizen, the provisions of this section shall have effect as if for the words ?fifteen thousand rupees?, the words ?twenty thousand rupees? had been substituted. unquote

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