WebJul 8, 2024 · However, what makes it more lucrative is that the deduction is over and above limit stipulated under Section 80C of the Income Tax Act, 1961. Tax Deductions Available … WebJun 29, 2024 · Deductions of expenses on medical treatment of specified ailments (such as AIDS, cancer and neurological diseases) can be claimed under Section 80DDB. The maximum amount of deduction allowed from gross total income on condition that no medical reimbursement is received from any insurance company or employer for this …
Section 80DDB - Deduction on Medical Treatment & How to Get
WebIn addition to Section 80D, there are certain medical conditions and diseases that are covered under Section 80DDB. These diseases include AIDS, cancer, Parkinson’s disease, … WebApr 13, 2024 · Health Insurance Premiums and expenses on medical treatment under section 80D; Treatment of self or dependent for a specified disease. Contribution of employer and employee to NPS. Interest paid on Education Loan. Donation to specified institutions for the disability of self. Reimbursements of expenses which are part of … thaltej to vastral
Is Proof Required for Claiming Medical Expenses Under …
WebAmount of Deduction Available Under Section 80D You can claim a deduction of up to Rs.25,000 for health insurance cover for yourself, your spouse, and your dependent children. Also, you are eligible to claim a deduction of an additional Rs.25,000 paid towards health insurance for your parents if they are below 60 years of age. WebJul 3, 2024 · Section 80D – Tax benefit for (Health, Medical Treatment premium) [AY 2024-20] Deduction under section 80D is another option for the taxpayers to claim from his … WebApr 5, 2024 · 80D Deduction Limit on Premium Paid for Parents. The medical insurance premiums paid towards parents or guardians are additionally liable for deductions upto INR 25,000 p.a. under Section 80D. But, if anyone or both of your parents are senior citizens (60 year & above), you can claim a tax benefit of up to INR 50,000 per year. thal styria wikipedia