Income Tax Benefits under section 80DDB

Section 80DDB is applicable to an individual and HUF with effect from 1st April 2004. Under Section 80DDB, an individual or HUF can claim tax deduction up to a maximum amount of Rs 40, 000 for medical treatment expenses paid during the previous year. In the case of senior citizen the tax deduction amount can go up to Rs 1,00, 000. Who is eligible for tax deduction on … [Read more...] about Section 80DDB – Income Tax benefit for your Medical Treatment