Section 80 DDB for Treatment of Specified diseases
Following are the condition to avail Deduction Section 80 DDB for Treatment of Specified diseases
Available Deduction - For individual assesses less than 65 years of age, a deduction limit of Rs. 40,000 is applicable. For a senior citizen, the limit is Rs. 60,000.
Scope of Deduction - Deduction is applicable for treatment of self, spouse, children, siblings, and parents, wholly dependent on you.
a) Neurological Diseases (where the disability level has been certified as 40% or more).
b) Parkinson’s Disease
c) Malignant Cancers
d) Acquired Immune Deficiency Syndrome (AIDS)
e) Chronic Renal failure
Computation of deduction is as under :
Total expenditure xxxxx
Less Insurance claim xxxxx
Net Expenditure xxxxx
Certificate to be Obtained
To claim the deduction the assessee must obtain and retain a copy of certificate in the prescribed Form No.10-I by a neurologist, oncologist, or such other specialist working in Government Hospital.
Note: If you are already receiving any reimbursement for the treatment from your insurance company or employer, deductions cannot be claimed. If you are receiving partial reimbursement, the balance amount can be used for a deduction.
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