80DD FORM PDF

Income Tax Act provides a deduction under Section 80DD for the medical treatment and insurance costs of a differently abled dependent. What are the eligibility criteria for the deduction and what is the quantum of deduction? What kind of documents will you need to claim the deductions? We have all these answers here.

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Tax deduction under Section 80DD of the Income Tax Act can be claimed by individuals who are residents of India and HUFs for the medical treatment of a dependant with disability ies or differently abled.

The deduction amount will also cover insurance premium paid towards specific insurance plans designed for a disabled dependant. The taxpayer cannot claim this deduction if the dependant has already claimed deduction under Section 80U for himself or herself.

The disabled individual is wholly or to a large extent dependant on the taxpayer for their support. If it's for a child, then a Paediatric Neurologist holding an equivalent degree. The amount of deduction allowed under Section 80DD of the Income Tax Act, , will come down to whether the dependant suffers from disability or severe disability.

The family member who takes care of the medical charges of the dependant person with disability can claim tax deduction of up to Rs. The family member handling the medical expenses of dependant person with severe disability can claim tax deduction of up to Rs. The following documents will have to be submitted to claim tax benefits under Section 80DD of the Income Tax Act, :.

Medical Certificate: To claim tax deduction under Section 80DD, the taxpayer will have to submit a copy of the medical certificate, which authenticates the disability of the dependant. Form IA: If the disabled dependant is suffering from autism, cerebral palsy or multiple disabilities, then Form No.

Self-Declaration Certificate: Taxpayers have to produce a self-declaration certificate, mentioning the expenses incurred on the medical treatment including nursing, rehabilitation and training of the disabled dependant. Receipts of Insurance Premium Paid: Since the self-declaration certificate will suffice for claiming most expenses, the individual is not required to preserve the actual receipts. However, if a claim is being made for the payment made towards insurance policies taken for the disabled dependant, then the actual receipts of the expenses need to be maintained.

Section 80DD of the Income Tax Act, , allows individuals to claim tax benefits for the expenses incurred on the medical treatment, training or rehabilitation of a disabled dependant. The dependant can be spouse, children, parents, brothers and sisters of the taxpayer. The tax deduction amount will also cover insurance premium paid to specific insurance plans designed for a disabled dependant. Expenses related to medical treatment, which includes nursing, training and rehabilitation of a disabled dependant, and the premiums paid on specific insurance plans for the disabled dependant are covered under Section 80DD of the Income Tax Act.

The amount of deduction allowed will come down to whether the dependant suffers from disability or severe disability. The person who looks after the medical charges of the dependant person with disability can claim a maximum tax deduction of Rs. The person handling the medical expenses of dependant person with severe disability can claim a maximum tax deduction of Rs. An individual who has been certified as a person with disability can claim tax benefits under Section 80U of the Income Tax Act.

Tax deduction under Section 80DD can be claimed by that family member who bears the expenses on the medical treatment of a disabled dependant. A taxpayer will have to be submit the following documents to claim tax benefits under Section 80DD of the Income Tax Act:.

If the disabled dependant is suffering from autism, cerebral palsy or multiple disabilities, then Form No. Taxpayers have to produce a self-declaration certificate, mentioning the expenses incurred on the medical treatment including nursing, rehabilitation and training of the disabled dependant. If a claim is being made for the payment made towards insurance policies taken for the disabled dependant, then the actual receipts of the expenses need to be maintained.

Tax benefits under this Section can only be claimed by individuals who are residents of India and HUFs. If it is for a child, then a Paediatric Neurologist holding an equivalent degree. Tax deduction under Section 80D of the Income Tax Act can be claimed for premiums paid toward a health insurance policy.

The total deductions that can be claimed under Section 80D are as under:. An additional tax deduction of up to Rs. Tax benefits under Section 80D can also be claimed for premiums paid toward health insurance riders and critical illness insurance policies. It must, however, be noted that premiums paid for personal accident policies or personal accident riders do not qualify for tax deduction under this section. Tax deduction under Section 80DDB of the Income Tax Act can be claimed by taxpayers who have dependents suffering from specified diseases.

The dependant can be spouse, children, siblings or parents. The tax deduction that can be claimed by individuals is Rs. If the individual is a senior citizen, the tax benefits that can be claimed is Rs.

Professional Tax Professional Tax in Maharashtra. PF Withdrawal Salary calculator. Best investment policies at lowest premiums. Top performing investment plans, better than mutual funds. Plans with zero commissions. Deduction Under Section 80DD.

Dependant can be spouse, children, parents, brothers and sisters of the taxpayer. The following documents will have to be submitted to claim tax benefits under Section 80DD of the Income Tax Act, : Medical Certificate: To claim tax deduction under Section 80DD, the taxpayer will have to submit a copy of the medical certificate, which authenticates the disability of the dependant. What is Section 80DD?

What is the maximum amount that can be claimed as deduction under Section 80DD? What is the difference between Sections 80U and 80DD? What are the documents required for claiming 80DD deductions?

A taxpayer will have to be submit the following documents to claim tax benefits under Section 80DD of the Income Tax Act: A copy of the medical certificate authenticating the disability of the dependant. What are the disabilities covered under Section 80DD? Who can issue medical certificate for the disabled dependant?

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Deduction Under Section 80DD

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Who can claim a deduction under section 80DD?

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