Web18 Jan 2024 · Section 80U can be used to claim tax deduction up to Rs. 75,000 for disability and Rs. 1,25,000 for severe disability for self, i.e., when the taxpayer is the person … Web16 Mar 2024 · Maximum Deduction is 40000/60000/80000 as explained above. However, if any amount received from Insurance Company or Employer then that amount reduced and balance deduction is available. Mr A spent Rs 200000 on Medical Treatment of his father who is dependent on him.

Deductions allowable to tax payer

WebWhat are the eligible diseases and ailments under section 80ddb? For the purposes of section 80DDB, the following shall be the eligible diseases or ailments : ( i) Neurological … Web20 Jun 2024 · Income Tax Act provides relief to taxpayer based on medical treatment of specified diseases or ailments. Such relief is given under Section 80DDB which provides tax deduction that if an assessee has incurred medical expenses for treatment of specified disease or ailment either for self or dependent or both, such expenses are allowed to be … red lexus parking

The complete guide to saving tax under Section 80D - Policybazaar

Web18 Jan 2024 · Section 80DD provides a deduction based on percentage of disability and not based on percentage of the expenses incurred. This means even if the actual expenses incurred for a dependent with disability is lower than Rs.75,000, taxpayers are eligible to claim the deduction up to Rs 75,000. Web9 Dec 2024 · Disease: Certificate to be taken from (i) Neurological Diseases where the disability level has been certified to be of 40% and above — (a) Dementia (b) Dystonia … Web10 Feb 2024 · What diseases are covered under Section 80DDB? Rule 11DD of the income tax law mentions specific illnesses for which deduction can be claimed under Section 80DD. These include: Neurological diseases where the disability level has been certified to be 40% and above, including: Dementia, Dystonia Musculorum Deformans Motor Neuron Disease … red lexus lc