How much amount i can claim. In 80 DD
My expenditure is 40000 can i claim can i claim 75000 as per limit
Dear Anshul,
Deduction is not dependant on the amount of expenses incurred regardless the real expenses disabled dependent relative is lesser than amount mentioned above, the tax assessed will be eligible for the full deduction.
The quantum of deduction is Rs. 75000 for 40% or more disability and Rs. 125000 for 80% or more disability.
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