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 have spent or incurred such expenditure which your employer has not … [Read more...] about Income Tax on Medical Expenses – For Salary Individuals
Section 80DDB
Specified Diseases and Ailments for the purpose of Deduction U/S 80DDB – Rule 11DD
Here is the text of rule 11DD Which mentioned specified diseases and ailments for the purpose of deduction under section 80DDB. (1) 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,—(a)Dementia ;(b)Dystonia Musculorum Deformans … [Read more...] about Specified Diseases and Ailments for the purpose of Deduction U/S 80DDB – Rule 11DD
Section 80DDB – Income Tax benefit for your Medical Treatment
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