19 March 2012
Dear sir/mam My medical bill (Medical Insurance Premium) is upto 15000/- & i have medical expenses of rs. 100000/- in a year how can my tax will save.
19 March 2012
for medical insurance u can claim 80D. but you must fulfil other conditions. u can get full 15000/- exemption in 80 D. for medical exp of 1 lac. you can claim 80DDB till 40,000 or if age more than 65 then 60,000/- But it is for specified disease or ailment as prescribed by the board. Or 80DD if it is for medical treatment of a handicapped dependent who severe disability which is specified. in this 50,000/- deduction irrespective of exp and if disability is more than 80% then 1 lac deduction.
CAclubindia
