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NewBie
Whether Service Tax+ Stamp duty is also considered for tax exemption under 80D for Medicalim Policy?
My mediclaim policy premium consists of Premium + Service Tax+ Stamp duty. I have a query - what is considered for tax exemption, out of the below combination:
1- Premium + Service Tax + Stamp duty
or
2- Premium + Service Tax
or
3- Only Premium
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Moderator
The Service Tax or Stamp Duty paid on medical insurance premium is not allowed as a deduction under section 80D. Deduction under section 80D can be only claimed on the amount paid as Medical Insurance Premium and not on the service tax levied or Stamp Duty thereon. So option 3 in your query is correct.
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