My father who is dependant on me and my reimbursement of medical expenditure by the company is Rs.46,000/-. Can i claim the exemption (it is Rs.15,000/- only) upto Rs40,000/- as because my father is found to be now having 76% disability in both the ears.

Ans : Yes only 15,000 can be claimed as exempt in case of Medical Expenses on Private Treatments..

But there is one more benefit available to u - Deduction u/s 80DD - amounting to Rs. 50,000/-......

For claimimg the deduction u/s 80DD, u have to file Form 10 IA as a certificate from a Doctor...For details plz refer Rule 11A