Sage-Tips

Which disease is covered under 80DDB?

Neurological Diseases as identified by a specialist ,where the level of disability has been certified to be of 40\% and above and covers Dementia, Dystonia Musculorum Deformans, Chorea, Motor Neuron Disease, Ataxia, Aphasia, Parkinson’s Disease and Hemiballismus.

What is severe disability as per income tax?

Severe disability, here, is defined as the condition where an individual suffers from 80 percent or more disabilities in the aforesaid categories. This severe disability comes to include autism, cerebral palsy and multiple disabilities. You May Also like: Section 80C Deduction of Income Tax act 1961.

What is 80DDB of Income Tax Act?

Under Section 80DDB of the Income Tax Act 1961, an individual can claim tax deduction for medical treatment of certain specified ailments availed for self or a dependent. The dependent can be spouse, parent or sibling.

Can 80D and 80DDB be claimed together?

Sections 80DD and 80U deals with the tax-saving deduction that can be claimed for the medical expenditure incurred. Under these sections, deduction can be claimed by a person for himself/herself or for a dependent person. However, remember both these deductions cannot be claimed simultaneously.

Can we claim 80d and 80DDB together?

Can medical bills be claimed under 80D?

However, if no amount is paid as premium on health insurance, medical expenses incurred by such senior citizens may be claimed under Section 80D, subject to the monetary cap of Rs 50,000. Medical expenses may include medical consultations, medicines, hospitalization expenses, etc.

What is section 80ddb under Income Tax Act?

The Income Tax Act provides a deduction in respect of these expenditures u/s 80DDB. Section 80DDB is a very important section of the Income Tax Act under which tax benefit can be claimed of Rs 1,00,000 in case of senior citizens and Rs 40,000 for expenditure incurred on treatment of specified diseases and ailments in other cases.

Can cancer expenses be claimed under section 80dd and 80ddb?

Ans: Yes, section 80DDB of the income tax act specifically includes “Malignant cancers” and expenditures incurred for medical treatment of self/dependent in respect of the same can be claimed as a tax benefit. Q – What is the difference between section 80DD and 80DDB?

Can NRI claim 80ddb tax deduction on medical expenses?

80DDB tax deduction on medical treatment is not available for NRI taxpayers. Maximum deduction limit under 80DDB. The actual expense or Rs 40,000, whichever is lesser can be claimed for income tax deduction under section 80DDB. If the person undergoing treatment is a senior citizen and resident of India the exemption limit is Rs 60,000.

What 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 Diseases where the disability level has been certified to be of 40\% and above,— ( v ) Hematological disorders : ( ii) Thalassaemia. 5. Frequently Asked Questions on deduction under section 80DDB