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Tax Relief Expenditure on Serious Diseases

Dated:- 4-12-2015 - A deduction upto ₹ 40,000/- on account of expenditure on medical treatment of specified diseases is allowed from the total income of the assessee under the provisions of section 80DDB of the Income-tax Act, 1961. The limit is increased to ₹ 60,000/- and ₹ 80,000/- if the amount is paid on the treatment of a senior citizen (an individual of the age of 60 years and above) and very senior citizen (an individual of the age of 80 years and above) respectively. Th .....

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