The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| E-Paper
Search
+

    ITR filing: 5 things you should know about section 80DDB deductions

    Synopsis

    One can claim deductions either for himself or dependents which can be one’s spouse, parents, children or dependent siblings or members of HUFs.

    Getty Images
    One needs to provide certificate of disease obtained from a doctor practising either at a government or private hospital.
    ET Calculator Banner
    1. Tax deduction is available to individuals and HUFs under Section 80DDB of the IT Act on expenses incurred for the treatment of specific diseases or ailments.

    2. One can claim deductions either for himself or dependents which can be one’s spouse, parents, children or dependent siblings or members of Hindu undivided family in case of HUFs.

    3. Deduction amount allowed depends on whether the dependent person has a minor or significant disability and the amount actually paid or Rs 1 lakh, whichever is lesser. For individuals below the 60 years of age, the deduction amount is restricted up to Rs 40,000.

    4. Diseases covered include ataxia, dementia, aphasia, dystonia musculorum deformans, Parkinson’s, motor neuron disease, renal failure, cancers, hematological disorders and AIDS.

    5. One needs to provide certificate of disease obtained from a doctor practising either at a government or private hospital.

    (The content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)
    (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

    Also Read

    2 Comments on this Story

    Michelle Nelson101 days ago
    I was diagnosed of Amyotrophic Lateral Sclerosis a couple of years ago, I had  severe tremors, difficulty swallowing and sleeping. I was given medications which helped but only for a short while. So i decided to try alternative measures and began on ALS HERBAL TREATMENT from Herbal HealthPoint, It made a tremendous difference for me (Go to w w w. herbalhealthpoint. c o m).  I had improved walking balance, muscle strength and improved vision
    Cindy Looper385 days ago
    I am from Nevada, USA.. I started on Organic Herbal Clinic Parkinson’s Disease Herbal formula treatment in September 2018, i read a-lot of positive reviews on their success rate treating Parkinson’s disease through their PD Herbal formula and i immediately started on the treatment. Just 11 weeks into the Herbal formula treatment I had great improvements with speech and coordination, my hand tremors seized and the stiffed, rigid muscle had succumbed. I am unbelievably back on my feet again, this is a breakthrough for all Parkinson’s sufferers, visit Organic Herbal Clinic official website ww w. organicherbalclinic. com
    The Economic Times