I am a Resident Indian Sr. Citizen,
I paid Mediclaim Insurance Premium of Rs.53808/- last FY (March 2019), by cheque, for my wife and myself (both senior Citizens)
I was hospitalised in December 2018 for 8 days and had to incur an expenditure of Rs.71000/-, paid to the Hospital through Credit Card, over and above the amount paid to the Hospital directly by the Medical Insurance Company.
While filing the IT Return for AY 2019-20 (FY 2018-19), Can I claim deductions :
- Under 80D (A) : Medical Insurance Premium of Rs. 53808/- (Limited to Rs.50000/- for Sr. Citizen),
- Under 80D (B) : Medical Expenditure of Rs.71000/- (Limited to Rs, 50,000/- for Sr. Citizen),
totaling to Rs. 1,00,000/-.