Section 80DDB | Who can claim deductions under Section 80DDB? Section 80DDB is Income Tax Rules 11DD. Under the Income Tax Act, of 1961, taxpayers can claim deductions for certain specified benefits for themselves or their dependents. Therefore, This type of exemption is covered under Chapter VIA of the Income Tax Act, of 1961. In other words, Individuals and HUFs who are residents of India can claim an exemption under this section. In other words, this means that a tax deduction can be claimed, if the relevant entity resided in the country during that tax year and…
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Income Tax deduction for medical treatment U/s Section 80DDB With Automated Income Tax Preparation Software in Excel for the West Bengal Govt Employees for the F.Y.2020-21 ( New and Old Tax Regime U/s 115 BAC)
Who can Claim Deductions under Section 80DDB? Under Section 80DDB of the tax Act, 1961, taxpayers can claim a deduction for medical treatment of certain specified ailments for self or dependent. this sort of deduction is roofed in Chapter VIA of the tax Act, 1961. The citizen of India can claim deduction under this section. so as words, this suggests that tax deductions are often claimed, as long as the concerned entity has been living within the country for that tax year and therefore the expenses concerning medical treatment are…
Download Automated TDS on Salary All in One for Govt and Non-Govt Employees for F.Y. 2019-20 With Income Tax Section 80DD & 80DDB for F.Y. 2019-20
Section 80DD :- You can avail Exemption as much as Rs 75,000 for spending on medical treatments of your dependents (spouse, parents, youngsters or siblings) who have 40% disability. The tax deduction limit of upto Rs 1.25 lakh in case of intense disability can be availed. Section 80DDB : An individual (less than 60 years of age) can claim upto Rs 40,000 for the remedy of specified essential ailments. This can also be claimed on behalf of the dependents. The tax deduction restriction beneath this section section for Senior Citizens and very Senior Citizens (above 80 years) has been revised to Rs 1,00,000 w.e.f. FY 2018-19 and on-wards. Download All in One TDS on Salary for Govt and Non-Govt Employees for…