CosmicCat TF Ace Dec 4, 2023 #1 I want to pay my father's insurance payment using my own Amazon Pay CC to earn good rewards. Is it advisable to do so, or he should use his own account/card to make the payment?
I want to pay my father's insurance payment using my own Amazon Pay CC to earn good rewards. Is it advisable to do so, or he should use his own account/card to make the payment?
A ak95 TF Premier VIP Lounge Dec 4, 2023 #2 Yes, you can pay. Most people pay insurance premiums for their elderly parents. There won’t be any issue. Moreover, Health insurance premiums paid for parents are also allowed for the Section 80D tax deduction of up to Rs 25,000 per financial year Upvote 0 Downvote
Yes, you can pay. Most people pay insurance premiums for their elderly parents. There won’t be any issue. Moreover, Health insurance premiums paid for parents are also allowed for the Section 80D tax deduction of up to Rs 25,000 per financial year
SpiesCan'tCatchMe TF Legend Dec 4, 2023 #3 ak95 said: Yes, you can pay. Most people pay insurance premiums for their elderly parents. There won’t be any issue. Moreover, Health insurance premiums paid for parents are also allowed for the Section 80D tax deduction of up to Rs 25,000 per financial year Click to expand... Correct, section 80D - if you're parents are below 60 age then 25000 and if above 60 then 50000 Upvote 0 Downvote
ak95 said: Yes, you can pay. Most people pay insurance premiums for their elderly parents. There won’t be any issue. Moreover, Health insurance premiums paid for parents are also allowed for the Section 80D tax deduction of up to Rs 25,000 per financial year Click to expand... Correct, section 80D - if you're parents are below 60 age then 25000 and if above 60 then 50000