You can claim income tax relief for your medical expense under different sections of income tax act 1961. If you have been reimbursed by your employer for the medical expenses and you have met all the conditions under the income tax act then such reimbursed amount will not be taxable in your hand. If you … Read More » "Income Tax on Medical Expenses – For Salary Individuals"
I am a salaried person living in Bangalore. During the financial year I have incurred medical expenses of Rs. 10,800 for the medical treatment of my only handicapped dependent son (disability of low vision). Is there any income tax benefit available for such expenditure? Medical expenses for handicapped dependent children are allowed as income tax … Read More » "FAQ on Medical Treatment of Handicapped Dependent – Section 80DD of Income Tax Act, 1961"
Medical expenses incurred by an individual is eligible for various income tax deductions under different sections of Income Tax Act, 1961. One of such section is called section 80DD. Medical expenses for treatment of a dependent who is a person with disability is eligible for income tax deduction under section 80DD if it meets all … Read More » "Section 80DD – Tax Benefits On Medical Treatment of Handicapped Dependent"