Medical

Medical

You can avail the deduction U/S 80D for medical expenses.
  1. Health Insurance Premium
1. For self, spouse and children = Rs 25,000/-
2. For parents = Rs 25,000/-
3. For self, spouse and children(Senior citizen) = Rs 50,000/-
4. For family(Senior citizen) = Rs 50,000/-
  1. Preventive health checkup= Preventive Health checkup can be claimed in cash mode
1. For Family and parents= Rs 5,000/-
  1. Medical expenditure(For the senior citizens)= Medical expenditure can be claimed on other than cash mode only.
1. Medical expenditure for self spouse and children= Rs 50,000/-
2. Medical expenditure for parents = Rs 50,000/-

  1. Section 80U- Self is suffering from disability.
1.0-39%-Rs. 0

2.40%-79% -  Rs. 75000

3.80% and above - Rs. 125000


  1. Section 80DD- Relative suffering from any disability.

0-39%-Rs. 0

40%-79% -  Rs. 75000

80% and above - Rs. 125000



    • Related Articles

    • When can I partially withdraw from NPS?

      Under new PFRDA rules, after completing 3 years, partial withdrawals are allowed, subject to certain conditions: You can withdraw only 3 times during the tenure of your subscription. You should maintain a minimum gap of 5 years between ant 2 ...

    • Who can take advantage of the presumptive taxation scheme of section 44ADA?

      Any person resident in India, engaged in the following professionsand having a turnover of Rs.50 lacs or less can take advantage of PTS. Legal Medical Engineering or architectural Accountancy Technical consultancy Interior decoration Any other ...

    • What are allowances and how are they taxed?

      Allowances are financial benefits given by the employer to an employee with a specific purpose. Some of them are for incurring expenses in discharge of duties by the employee. For example, there could be a travel allowance given for a job where ...