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How to read section numbers: s.80C→s.123 means Section 80C of the Income-tax Act, 1961 is now Section 123 of the Income-tax Act, 2025 (in force from 1 April 2026). Returns for FY 2025-26 still use the old numbers; Tax Year 2026-27 onwards uses the new ones. Section Finder
Limits at a glance
| Situation | Self, spouse, children | Parents | Total |
|---|---|---|---|
| Everyone below 60 | ₹25,000 | ₹25,000 | ₹50,000 |
| You below 60, parents 60+ | ₹25,000 | ₹50,000 | ₹75,000 |
| You and parents 60+ | ₹50,000 | ₹50,000 | ₹1,00,000 |
Conditions
- Premium must be paid by any mode other than cash (only the preventive check-up can be paid in cash)
- For senior citizens without any health policy, actual medical expenditure up to ₹50,000 can be claimed
- A multi-year policy paid upfront is spread equally over the years of cover
- Available in the old regime only; HUFs can claim for any member
Worked example
Example
Example: Neha (35) pays ₹22,000 for a family floater and ₹38,000 for her retired parents (both above 60). She claims ₹22,000 + ₹38,000 = ₹60,000. A ₹4,000 check-up for herself, paid in cash, adds only ₹3,000 more because her own limit is ₹25,000 — total ₹63,000.
Common mistakes
- Paying premium in cash
- Claiming parents' premium that the parents themselves paid
- Adding the check-up over and above the limit
Frequently asked questions
No. Health-insurance deduction (section 126 of the 2025 Act) is old-regime only.
No. Parents means your own parents; in-laws do not qualify.
Last reviewed on 11 November 2026 by Vinay Jaglan, VJ & Associates. Law and portal screens change — verify before acting, or ask the office.
