Fixed amount of deductions are allowed under Section 80DD, irrespective of the actual expenditure. However, the amount of deduction depends on the severity of the disability. 1. Where the disability is more than 40% and less than 80%– Rs 75,000. 2. Where the disability is more than 80%– Rs 1,25,000. Note:Before … See more Below are the conditionsyou must meet to avail this deduction – 1. Deduction is allowed for a dependant of the taxpayer and not the taxpayer himself. 2. The deduction can only … See more An individual who is certified as a person with a disability can claim tax benefits under Section 80U of the IT Act. Individuals can claim … See more You can claim full deduction of INR 75,000 or 1,25,000 irrespective of the actual expenditure. You can claim expenses done for treatment, … See more The following disabilities are covered u/s 80DD of the IT Act, 1961: 1. Mental illness 2. Hearing impairment 3. Mental retardation 4. … See more WebApr 9, 2024 · In conclusion, tax deductions offered for premiums paid against a health insurance policy are totally different from the tax exemptions under Section 80DD of the Income Tax Act. Any individual or Hindu undivided family who is a resident of India can claim a tax deduction under Section 80DDB for certain diseases.
Section 80DD: Deduction for Expenses on Disabled Dependent
Web[Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability. 80DD. 1(1) Where an assessee, being an individual or a Hindu … WebJan 27, 2024 · Tax Deduction Under Section 80DD for Disabled Dependants. The income tax deduction that is allowed under Section 80DD is up to a maximum of INR 50,000 for disabled dependent individuals. This limit was increased to a value of INR 75,000 in 2016. For severely disabled dependents, this limit is up to a maximum of INR 50,000. shower coffee maker and soap dispenser
New tax regime 2024: List of tax deductions, exemptions not …
WebAbout videoIn this video you guys study about the 80dd section 80dd section 80dd of income tax act deduction in income tax 2024#80dd #section80dd #se... WebApr 13, 2024 · Section 80DD provides a flat deduction to the taxpayer who is a caregiver for a person with a disabled dependent. The deduction amount is Rs. 75,000 for a non … WebStarting from Financial Year 2024-19, the maximum tax deduction that can be claimed under Section 80DDB for the medical treatment (of specified ailments) of senior citizens (60 years and above) is Rs. 1,00,000. The limit until then had been Rs. 60,000 for senior citizens (60 years to 80 years) and Rs. 80,000 for super senior citizens (80 years ... shower coats ladies