Maximum Deduction Limits: The maximum cumulative 80D mediclaim deduction limit is ₹ 1 lakh. However, it can differ based on the age of the policyholder. Below is the breakdown of the deduction limits:
Deduction for self, spouse and children below the age of 60: ₹ 25,000
Deduction for parents below the age of 60: ₹ 25,000
Deduction for self, spouse and children above the age of 60: ₹ 50,000
Deduction for parents above the age of 60: ₹ 50,000
Members of HUF below 60: ₹ 25,000
Members of HUF above 60: ₹ 50,000
These deductions are allowed in Old regime of income tax
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