Section 80D of the Income Tax Act in India allows individuals to claim tax deductions for specified medical expenses. This section provides for deductions on health insurance premiums paid for self, spouse, dependent children, and parents.

The maximum deduction limit under this section is Rs. 25,000 for self and parents (if they are senior citizens, the limit is Rs. 50,000), and an additional Rs. 25,000 for health insurance premiums paid for spouses and dependent children. If the taxpayer’s parents are senior citizens, the limit increases to Rs. 50,000. The deduction is allowed as a part of the overall limit of Rs. 1.5 lakh under section 80C.

a PAN (Permanent Account Number) is required to claim tax deductions under Section 80D of the Income Tax Act in India. The PAN is a unique 10-digit alphanumeric identifier issued by the Income Tax Department and is mandatory for certain financial transactions, including claiming tax deductions. To claim deductions under Section 80D for health insurance premiums paid, the taxpayer must provide the PAN of the policyholder and the PAN of the insured individuals (if different). This is to ensure that the claims are properly recorded and linked with the taxpayer’s tax records.