Section 80DDB | With Auto fill Income Tax Preparation Software All in One in Excel for the Government and Non-Government Employees for the F.Y.2022-23

 Section 80DDB | Who can claim deductions under Section 80DDB?

 

Section 80DDB is Income Tax Rules 11DD. Under the Income Tax Act, of 1961, taxpayers can claim deductions for certain specified benefits for themselves or their dependents. This type of exemption is covered under Chapter VIA of the Income Tax Act, 1961. Individuals and HUFs who are residents of India can claim an exemption under this section. In other words, this means that a tax deduction can be claimed, if the relevant entity resided in the country during that tax year and the medical-related expenses are incurred for themselves or a family member, such as a spouse, parent, or dependent brother or sister.

 

How many deductions can be claimed under section80DDB?

 

Deductions corresponding to the following amounts can be claimed under section 80DDB:

For the financial year 2021-22 (the review year 2022-23)

• A person is eligible for a tax of Rupees 40,000/-(Forty Thousand) or the amount actually paid, whichever is less.

• Senior citizens, above 60 years of age, are eligible for a tax deduction of Rupees 60,000/-(Sixty Thousand) or the amount actually paid, whichever is less.

From the fiscal year 2022-23 (the tax year 2023-24)

 

• A Person is eligible for a tax of Rupees 40,000/-(Forty Thousand) or the actual medical expenses, whichever is less.

• Senior citizens between 60 and 80 years of age can claim tax exemption of Rupees 60,000/-(Sixty Thousand) or the actual amount spent on health care, whichever is less.

 

• Super seniors, above 80 years of age, are eligible for tax exemption of Rupees 80,000/-(Eighty Thousand) or the actual medical expenses, whichever is less.

From the financial year 2018-19 (The assessment year 2019-20)

 

• A Person is eligible for a tax of Rupees 40,000/-(Forty Thousand) or the amount actually paid, whichever is less.

• Senior citizens, above 60 years of age, are eligible for a tax deduction of Rupees 100,000/-(One Lakh) or the amount actually paid, whichever is less.

 

Diseases or medical conditions specified in section 80DDB

 

According to the Income Tax Department, the following diseases or circumstances may require tax exemption under Section 80DDB:

 

(1) Neurological disease, whose disability level is 40% and greater -.

• Dementia

• Dystonia Musculorum Deforms

• Aphasia

• Motor neuron diseases

• Ataxia

• chorée

• Hemiballism

• Parkinson’s disease

(2) Malignant cancers

(3) Entirely acquired immunodeficiency syndrome (AIDS).

(4) Chronic renal failure

(5) Hematologic disorders

Haemophilia

Thalassemia of the body

 

Papers are required for claiming deductions under Section 80DDB

 

To claim deductions under section 80DDB of the Income Tax Act, 1961, the assessee has to furnish evidence that medical treatment has actually been provided. It is mandatory to obtain a certificate from the prescribed authority, who has benefited from the medical treatment if a person wants to claim a deduction under this section.

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6) Automated Income Tax Revised Form 16 Part B for the F.Y.2022-23

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Tax Section 80DDB Tax Rebate from sever diseases, Plus Automatic Master of Form 16 Part B for the Financial Year 2017-18

Most of the salaried person has known only medical insurance U/s 80D where can get tax relief up to Rs. 15,000/- for below 60 years and Rs. 20,000/- for Sr. Citizen. But as per the Tax Section, 80DDB can get extra benefits regarding the treatment of various diseases, as per the noted by the Income Tax Act 1961. As per the Central Finance Budget 2014-15 have no change in this section. The rebate of section 80DDB is given below:-

Download Automatic Master of Form 16 Part A&B for the Financial Year 2017-18 [This Excel Based Software can prepare at a time 50 employees Form 16 Part A&B]

If you or a dependent undergoes medical treatment for diseases like cancer, kidney failure, thalassemia, etc you can get income tax deduction for the amount you have spent for the treatment. Section 80DDB deals with this.

Eligibility for 80DDB

This tax rebate is applicable for individuals and HUFs resident in India. Medical treatment for the following diseases should be undergone and you should have paid the expenses for yourself, spouse, children, parent, brother or sister:

i) Neurological Diseases with disability of at least 40%

    a Dementia

    b Dystonia Musculorum Deformans

    c Motor Neuron Disease

    d Ataxia

    e Chorea

    f Hemiballismus

    g Aphasia

    h Parkinsons Disease

 ii) Malignant Cancer

 iii) AIDS

 iv) Chronic Kidney failure

 v) Hematological disorders

    a) Hemophilia

    b) Thalassaemia

You would have to produce the certificate from specialist government doctors in Form 10-I. They have to be certified by a Neurologist for diseases in (i), Oncologist for (ii), Nephrologists for (iv) and a specialist with the degree in Hematology for diseases in (v). You can get a certificate from a specialist even if the treatment is being undergone in a private hospital.

80DDB tax deduction on medical treatment is not available for NRI taxpayers

Maximum deduction limit under 80DDB

The actual expense or Rs 40,000, whichever is lesser can be claimed for income tax deduction under section 80DDB. If the person undergoing treatment is a senior citizen and resident of India the exemption limit is Rs 60,000.

How to get 80DDB tax benefit

You can submit the required certificate to your HR in the relevant year to get this deduction on salary TDS or if you miss it you can still put this amount in a cell for 80DDB under Chapter VI-A deductions in ITR form in the section Income & Deductions.

Though certificate is not required to be attached with ITR form you should keep it you for record sake. Your taxable income reduces the amount you claim as the 80ddb deduction.

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