23 November 2019
Dear sir/mam i m a cancer patient then i have aged below 60 years so i have spent money for 253000 for my medical expenses for the year of 2016 - 17. can claim the deduction under section 80ddb of income tax act assessment year 2017 - 18?
26 May 2020
Details of deduction allowed under section 80DDB Deduction under section 80DDB is allowed for medical treatment of a dependant who is suffering from a specified disease (listed in the table above).
a. Can be claimed by an Individual or HUF
b. Allowed to Resident Indians
c. When taxpayer has spent money on treatment of the dependant
d. Dependant shall mean spouse, children, parents and siblings
e. In case the dependant is insured and some payment is also received from an insurer or reimbursed from an employer, such insurance or reimbursement received shall be subtracted from the deduction.
3. Amount allowed as a deduction
For FY 2014-15 (Assessment Year 2015-16) Rs 40,000/- or the amount actually paid, whichever is less. In the case of a senior citizen, Rs 60,000 or amount actually paid, whichever is less.
From FY 2015-16 onwards (Assessment Year 2016-17) 40,000/- or the amount actually paid, whichever is less. In the case of senior citizen Rs, 60,000 or amount actually paid, whichever is less. For very senior citizens Rs 80,000 is the maximum deduction that can be claimed.
From FY 2018-19 onwards (Assessment Year 2019-20) 40,000/- or the amount actually paid, whichever is less. In the case of a senior citizen and super-senior citizen, Rs.1,00,000 or amount actually paid, whichever is less.
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