Enhanced deduction to senior citizens for medical treatment of specified diseases

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..... Enhanced deduction to senior citizens for medical treatment of specified diseases
Budget
Dated:- 5-2-2018

Enhanced deduction to senior citizens for medical treatment of specified disease .....

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..... s Section 80DDB of the Act, inter-alia, provide that a deduction is available to an individual and Hindu undivided family with regard to amount paid for medical treatment of specified diseases in res .....

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..... pect of very senior citizen upto ₹ 80,000/- and in case of senior citizens upto ₹ 60,000/- subject to specified conditions. It is proposed to amend the provisions of section 80DDB of the A .....

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..... ct so as to raise this monetary limit of deduction to ₹ 1,00,000/- for both senior citizens and very senior citizens. This amendment will take effect, from 1st April, 2019 and will, accordingly .....

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..... , apply in relation to the assessment year 2019-20 and subsequent assessment years. [Clause 25]
News - Press release - PIB .....

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