Nettet18. feb. 2024 · The deduction limit under Section 80DD varies based on the extent of the disability of the dependent family member. For individuals with a disability of 40% to 80%, the maximum deduction limit is Rs 75,000 per year. For individuals with a disability of more than 80%, the maximum deduction limit is Rs 1,25,000 per year. Nettet80d, 80dd, 80ddb Deduction for AY 2024-23 I 80D I 80DD I 80DDB Maximum deduction limit#itr #incometax #tax Your Query:section 80ddeduction under section 80d...
Deduction under section 80DD, 80DDB, 80U - TaxGuru
Nettet19. feb. 2024 · Medical treatment for specified diseases.Limit for 80DDB deduction is as follows: individual of age less than 60 years -Rs. 40,000. senior citizens (individuals of … Nettet14. aug. 2024 · Section 80DD :You can claim up to Rs 75,000 for spending on medical treatments of your dependents (spouse, parents, kids or siblings) who have 40% disability. The tax deduction limit of upto Rs 1.25 lakh in case of severe disability can be availed. galvanized nails treated lumber
Section 80DD - Tax Deduction for Differently-Abled …
Nettet26. nov. 2024 · Section 80D of the IT Act provides a deduction to the extent of ₹ 25,000 in respect of the premium paid towards an insurance on the health of self, spouse and … Nettet18. feb. 2024 · The deduction limit under Section 80DD varies based on the extent of the disability of the dependent family member. For individuals with a disability of 40% to … Nettet26. sep. 2024 · Under Section 80DDB, a deduction may be claimed if it is adjusted by the insurer's payment against a health insurance policy or by the employer's reimbursement. Example - 1 If a taxpayer incurs expenses on medical treatment of a specified disease or ailment of ₹60,000, he may deduct ₹40,000 under Section 80DDB. galvanized newel post fastener