Deduction for Medical treatment

The hindi phrase ” Jaan hai to Jahan hai” is absoutely applicable to all of us, the problem is the increase in number of Life style diseases and naturally the money spent on medical expenses. To cope-up with such increased cost, Income-tax department has increased the limit for deduction for medical treatment from the Financial year 2015-16. Let us take a glance:

  1. Section 80DD- Maintenance & medical treatment of dependent person:-

If any taxpayer spends an amount for the medical treatment of a person dependent on him, then such taxpayer can claim the deduction while filing his Income-tax return.

Here, expenses for medical treatment as well as maintenance of the dependent person are also covered in addition to treatment.

Irrespective of the actual amount of medical treatment or maintenance cost, the taxpayer can claim the deduction of Rs. 75,000/- in case of normal disability; and Rs. 1,25,000/- in case of severe disability.

[Note- To claim the deduction, a taxpayer should receive from medical practitioner a certificate showing the nature and percentage of disability.]

  1. Section 80U- Deduction for disabled person:-

Any disabled taxpayer can claim this deduction in his own Income-tax return.

Irrespective of the actual amount of medical treatment or maintenance cost, the available deduction to the taxpayer is Rs. 75,000/- in case of normal disability; and Rs. 1,25,000/- in case of severe disability.

[Note- To claim the deduction, a taxpayer should receive from medical practitioner a certificate showing the nature and percentage of disability.]

  1. Section 80DDB- Deduction for Medical treatment:-

If any taxpayer spends an amount for medical treatment of himself or his dependent relative for some specified diseases which are stated in Rule 11DD of the Income Tax Rules, then he can claim the deduction under this section.

Amount of deduction shall be as follows-

Particulars Normal taxpayers Senior citizen Super senior citizen
Age Less than 60 years More than 60 but less than 80 Above 80 years
Amount of deduction Lower of-

a. Actual expenses, or

b. Rs. 40,000/-

Lower of-

a. Actual expenses, or

b. Rs. 60,000/-

Lower of-

a. Actual expenses, or

b. Rs. 80,000/-

Click here to know about diseases mentioned in Rule 11DD.

Click here to know about “Deduction for health insurance (mediclaim)”.

Summary
Article Name
Deduction for Medical treatment
Description
To cope-up with such increased cost, Income-tax department has increased the limit for deduction for medical treatment from the Financial year 2015-16. Let us take a glance:
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myITreturn
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