Section 80DDB of the Income Tax Act covers tax saving provisions for individuals on the basis of expenses incurred by them for the treatment of certain specified diseases or ailments.
For the purpose of this section, dependants fall in two categories:
The following diseases specified under rule 11DD qualify for tax deduction u/s 80DDB. However, the prescription in respect of the diseases or ailments is required from the specialists as mentioned below:
In case, the person is being treated was treated in a government hospital, the prescription may be issued by any specialist working full-time in that hospital and having a post-graduate degree in General or Internal Medicine or any equivalent degree, which is recognised by the Medical Council of India.
The prescription should contain the name and age of the patient, name of the disease or ailment along with the name, address, registration number and the qualification of the specialist issuing the prescription.
If the patient is receiving treatment in a government hospital, such prescription shall also contain the name and address of the government hospital.
The deduction limit depends upon the actual expense incurred and age of the person for whose treatment the money was spent.
|Age of person who underwent treatment||Deduction allowed to assessee|
|Up to 60 years||Least of actual amount spent or Rs. 40,000|
|Senior citizen (60-80 years)||Least of actual amount spent or Rs. 60,000|
|Super senior citizen (above 80 years)||Least of actual amount spent or Rs. 80,000|
Amount of deduction allowable under this section as per the limits mentioned above will be reduced by the amount received (if any), under an insurance from an insurer, or reimbursed by an employer, for the medical treatment of the person specified.
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