WebDec 8, 2024 · Dec 8, 2024. 2,973 4 mins. Section 80DDB of the Income Tax Act enables people who cannot afford regular health coverage premiums to reduce their tax obligations instead. By this, you are eligible for an … WebMar 22, 2024 · Citizens below 60 years can claim a tax deduction of Rs. 40,000. Section 80DD can be claimed by individuals who are residing in India or HUF for the medical treatment and maintenance of disabled dependents. For disabled dependents, the maximum deduction that can be claimed under Section 80DD is Rs. 75,000.
Find out how you can save tax under Section 80DD
WebIncome from INR 10 lakhs to INR 12.5 lakhs. 20%. Income from INR 12.5 lakhs to INR 15 lakhs. 25%. Income above INR 15 lakhs. 30%. Basically, the new tax regime removes most of the (around 70) types of exemptions as well as deductions provided under the Income-tax Act, 1961 and makes it simple for taxpayers to calculate tax along with giving the ... WebApr 3, 2024 · Maximum Amount of Deduction Allowed Under Section 80DD. Depending on the dependent's handicap, a different maximum deduction amount may be allowed under Section 80DD of the Income Tax Act. If the dependent member has a minimum disability of 40%, the taxpayer may claim up to Rs. 75,000. While under Section 80DD of the Income … chertsey ambulance service
Who can claim a deduction under section 80DD? - ClearTax
WebJul 7, 2024 · Tax deductions can be made on expenses like health check-up, nursing, training, rehabilitation, LIC schemes, etc., as per the following limits: You can claim up to … 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 be claimed by resident individuals of India. … 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. Cerebral palsy 5. Leprosy-cured 6. Autism 7. Loco motor disability 8. Blindness 9. Low vision See more WebSection 80DD of the Income Tax Act of 1961 helps caretakers and those responsible for the wellbeing of dependent family members who are disabled. The caretaker is liable to flat … chertsey ambulance station