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Deduction For Cancer Patients In Income Tax
Deduction For Cancer Patients In Income Tax -
Section 80DDB of the Income Tax Act Section 80DDB provides a deduction for medical treatment of specified diseases This deduction can only be claimed if an individual or HUF has incurred expenses towards the maintenance and
Taxpayers can claim deductions on their income tax return through Section 80DDB for specified diseases treatment The deduction is subject to specific conditions and has a maximum limit which varies based on the financial year and the age group of the individual
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Standard Deduction On Salary Ay 2021 22 Standard Deduction 2021
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Deduction under section 80DDB can be claimed by an individual or a HUF who is resident in India Deduction is available in respect of amount actually paid by the taxpayer on medical treatment of specified disease or ailment prescribed by the Board see rule 11DD for prescribed disease or ailment
You can claim tax deductions on expenses on medical treatment of specified ailments such as cancer under Section 80DDB The maximum amount of deduction allowed from gross total income on condition that no medical reimbursement is received from your insurance company or employer for this amount
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1 Section 80DDB offers a beneficial tax deduction for medical expenses for treatment of specified diseases 2 Cancer dementia motor neuron diseases Parkinson s disease AIDS and chronic renal failure are among the specified ailments
Under Section 80DDB of the Income Tax Act financial relief is given to the taxpayer by allowing him deduction for medical treatment of specified diseases These limits differ according to the patient s age and have been revised from time to time
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https://cleartax.in/s/get-certificate-claiming-deduction-section-80ddb
Taxpayers can claim deductions on their income tax return through Section 80DDB for specified diseases treatment The deduction is subject to specific conditions and has a maximum limit which varies based on the financial year and the age group of the individual
https://tax2win.in/guide/section-80ddb
Section 80DDB of the Income Tax Act in India provides deductions for expenses incurred on the medical treatment of specified diseases like cancer dementia motor neuron diseases Parkinson s disease AIDS and chronic renal failure
Taxpayers can claim deductions on their income tax return through Section 80DDB for specified diseases treatment The deduction is subject to specific conditions and has a maximum limit which varies based on the financial year and the age group of the individual
Section 80DDB of the Income Tax Act in India provides deductions for expenses incurred on the medical treatment of specified diseases like cancer dementia motor neuron diseases Parkinson s disease AIDS and chronic renal failure
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