Medical Insurance 80Ddb

As per the new law, to claim tax deduction under section 80DDB for medical treatment, the taxpayer is not required to submit the certificate to income tax department. Instead he has to keep the certificate with himself and in case asked by the assessing officer then such certificate need to be produced before the assessing officer.. Section 80DDB provides tax deductions for medical expenses of a specific ailment and is applicable for individuals and Hindu Undivided Families (HUF). There is a detailed list of diseases for which the tax deduction can be claimed.. Under Section 80D, tax payers can avail tax exemptions for health insurance premiums of self, family and parents and for expenses incurred in preventive health check-ups. On the other hand, Section 80C of the Income Tax Act includes many, different types of tax saving investments and expenses.. Health Insurance Offices, Life Insurance 7736 Via Rico , Carlsbad, CA “ Dealing with the complexities of our healthcare system is definitely challenging, but Marc made it easy for me.. Deductions of expenses on medical treatment of specified ailments (such as AIDS, cancer and neurological diseases) can be claimed under Section 80DDB. The maximum amount of deduction allowed from gross total income on condition that no medical reimbursement is received from any insurance company or employer for this amount..

Section 80D: Deduction for Medical Insurance & Health Checkup Section 80D provides for tax deduction from the total taxable income for the payment (by any mode other than cash) of medical insurance premium paid by an Individual or a HUF. This tax deduction is available over and above the deduction of Rs. 1,50,000 under Sec. 80C.. Section 80D in Respect to Health Insurance Premiums Investments made towards payment of health insurance premiums, qualify for a tax deduction under section 80D. Available Deduction - For individuals less than 65 years of age, amount of health insurance premium paid or Rs. 15,000, whichever is lesser..

Section 80D , 80DD & 80DDB provides deductions in respect to certain medical expenses paid by the assessee in the previous year, expense such as medical insurance premium, medical treatment of dependant disabled etc. Deductions are as follows. According to the income tax laws the following people can help you get a medical certificate to claim ta deductions under section 80DD: A neurologist with a Doctor of Medicine (MD) degree in Neurology or a Pediatric Neurologist with a similar degree for children. A Civil Surgeon or a Chief Medical Officer (CMO) of any government hospital..