Tax Relief: Understanding Section 80DDB and its crucial differences from Section 80D (Image: Freepik) Income Tax Benefits: When it comes to medical expenses, there are certain provisions under Section ...

Section 80DDB provides tax deduction for treating specified illnesses, covering medical expenses for dependents like spouses, children, parents, and siblings. It has specific limits, documentation ...

Section 80DDB of the Income Tax Act states that if an individual or a HUF (Hindu Undivided Family) incurs medical expenditures for the treatment of a specific sickness or ailment, such expense is ...

A complete guide for income tax deductions under sections 80D, 80DD and 80DDB which relate to medical expenses and health insurance/mediclaim. Good understanding will help you in substantial tax ...

I am 48 and my company provides me a group health insurance policy that covers my parents. I suffered a slipped disc last year and have to undergo regular physiotherapy. Can I claim tax benefit on ...

• I am an income taxpayer. My father stays with me and he suffers from Parkinson's Syndrome. Under section 80DDB, there is a provision to claim medical benefits of up to Rs 1 lakh towards expenditure ...

Not just Sec 80C, the I-T Act, 1961, provides for deductions under various other sections. Here?s a lowdown on how you can reduce your tax outgo Some of the important deductions that a taxpayer should ...

After the part one of the Last Minute Tax Planning tips that talked about investments that can be made which will make you eligible for deductions from your taxable income, this part will talk about ...

I have a handicapped dependent who is my mother's younger sister. She is completely dependent on me and every month I spend Rs 2,000. I wanted to know whether I can claim tax benefit under 80DD? I ...