Medical Insurance 80Dd

Answer:- Section 80DD allows a deduction to an individual or HUF if the person has incurred in the previous year any expenditure on medical treatment (including nursing), training and rehabilitation of a dependant with a disability or paid or deposited any amount under a scheme framed in this behalf by an insurer for the maintenance of a dependant with a disability.. Section 80DD: Deduction for Medical Disability of a dependent Family Member If a person incurs any expenditure on medical treatment of a dependent family member with Medical Disability, he would be allowed to claim deduction under Section 80DD.. Deduction for Medical Insurance Premium for Individual and HUF (Section 80D) Any Premium paid by the taxpayer individual (may be resident/non-resident or Indian citizen/foreign citizen) or a Hindu undivided family (may be resident or non-resident) for the approved medical insurance by IRDA, taken on the health of the taxpayer, spouse,.... Section 80DD Deduction Limit provides tax deduction to families of disabled persons for the purpose of caring for a disabled dependent. This can be claimed by families of disabled dependents and not the dependents themselves..

As per Section 80D of the income tax act, the premium paid towards a health insurance plan is deductible from the taxable income. The upper limit for this deductible amount is Rs 25,000 and is extendible to Rs. 50,000 (w.e.f.. Answer:- Section 80DD allows a deduction to an individual or HUF if the person has incurred in the previous year any expenditure on medical treatment (including nursing), training and rehabilitation of a dependant with a disability or paid or deposited any amount under a scheme framed in this behalf by an insurer for the maintenance of a dependant with a disability..

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.. Deductions pertaining to health insurance under section 80D are related to the tax exemptions that one can avail when they opt for an insurance policy. These tax deductions indirectly lower the premiums that an individual pays for their health insurance..