Deductions permitted u/s 80DDB of Income Tax Act
Deduction in respect of medical treatment etc. of specified
disease or ailment of amount is available under section 80DDB to
resident Individuals and HUF:
Amount actually paid or Rs. 40,000 (Rs. 60,000 in case of senior
citizen) whichever is less.
Deduction, lower of:
(i) Rs.100,000 for Senior Citizens (60 years & above)
(ii) Rs. 40,000 for Others
(iii) Actual expenditure for medical treatment of diseases such
as Cancer, AIDS and other prescribed diseases.
Deduction to be reduced by:
(i) Insurance claim received.
(ii) Reimbursed from employer.
To claim deduction medical certificate needs to be filed with
Income Tax Return.
Basic law of deductions from gross total income - Sections 80A, 80AB, 80C of Income Tax Act
Permissible deductions under Section 80C of Income Tax Act
Deduction against Medical insurance premium paid u/s 80D of Income Tax Act
Medical treatment expenses for specified disease - Deduction u/s 80DDB of Income Tax Act
Interest paid on Education loan - Deduction u/s 80E of Income Tax Act
Interest paid on loan taken for residential house property : Deduction u/s 80EE of Income Tax Act