A deduction upto Rs. 15,000 in respect of medical insurance premia for the health of the assessee or his spouse or dependent parents or dependent children or any member of the HUF would be allowed as a deduction.
If such persons are senior citizens, the deduction is upto Rs. 20,000. p.m. additional deduction upto Rs. 15,000 to an individual would be ailowed on any payment made for health insurance premia on the life of his parent or parents (whether dependent or not).
If the parent is a senior citizen, the deduction would be allowed upto ` 20,000. Deduction would also be allowed in respect of contribution made to Central Government Health Scheme by including such contributions under the provisions of Section 80D. Health check-up expenses would also be permissible within the above mentioned overall limit for the A.Y. 2014-2015.