Know How You Can Claim Your Medical Expenditure For TAX Benefits

The Logical Indian

October 25th, 2015 / 5:33 AM

Article originally published on factly.in|Author: Rakesh Dubbudu

In continuation of the commitment made during the Budget Speech of 2015-16, the government has now made certain changes to the process of claiming medical expenditure under Sec 80DDB of the IT Act. The process has been made easier now.

In his budget speech for the year 2015-16, Finance Minister Arun Jaitley announced certain benefits in claiming medical expenditure under section 80DDB of the Income Tax Act (IT Act).  He announced increase in the limits of the amount that can be claimed under this section.

This particular section allows a deduction for expenditure incurred on treatment of specified ailments for self or a dependent.  The government has now issued a notification amending rule 11DD of the IT Rules making it easier to claim such expenditure.

Claiming Medical Expenditure under Sec 80DDB

 Under this section, the assessee will now be allowed a deduction of actual amount or Rs 40,000 (whichever is less) in case of normal citizens for certain ailments. These limits are higher for Senior & Very Senior citizens as noted below.

table1

The following ailments or diseases will be eligible for the purpose of this section

  • Neurological Diseases where the disability level has been certified to be of 40% and above
    • Dementia
    • Dystonia Musculorum Deformans
    • Motor Neuron Disease
    • Ataxia
    • Chorea
    • Hemiballismus
    • Aphasia
    • Parkinsons Disease
  • Malignant Cancers
  • Full Blown Acquired Immuno-Deficiency Syndrome (AIDS)
  • Chronic Renal failure
  • Hematological disorders
    • Hemophilia
    • Thalassaemia

Process made easier

The government has now issued a notification amending rule 11DD of the IT Rules making it easier to claim such expenditure. Earlier, the prerequisite condition for claiming expenditure under this section was obtaining a certificate from a specialist working in a Government hospital. Now this condition is relaxed and henceforth, it will not be mandatory to obtain a certificate from a specialist working in a Government hospital.

As per the amended rules, it will be enough if the certificate is obtained from a doctor with a relevant Doctorate of Medicine (DM) degree recognized by the Medical Council of India (MCI).

table2

If the patient is receiving the treatment in a Government hospital, the prescription or certificate  may be issued by any specialist working full-time in that hospital and having a post- graduate degree in General or Internal Medicine or any equivalent degree, which is recognized by the MCI.

The Prescription or the certificate issued should contain the following,

    • Name and Age of the patient
    • Name of the disease or ailment
    • Name, address, registration number and the qualification of the specialist issuing the prescription
    • Name and address of the Government hospital if the treatment is being received in a government hospital.

Contributors

Edited by :

Share your thoughts..

Related Stories

Mutilated Currency Note

Good To Know: Here Is How You Can Claim A Full Refund Of A ‘Mutilated Currency Note’

SCST Quota Supreme Court

Cannot Claim SC/ST Benefits In Second State Unless Caste Notified There: Supreme Court

Now You Can Withdraw 75% Of Your PF Amount After One Month Of Leaving Job: Know About The Changes

FroLink Your Aadhaar Number To Your PAN

From 1 July, It Is Mandatory To Link Your Aadhaar Number To Your PAN; Here’s How You Can Do It Online

Petrol Pump

From Free Drinking Water To Medical AID, Know About The Benefits You Are Entitled To At Petrol Pumps

Reliance Ports Gets Irregular Tax Benefits

Reliance Ports Gets Rs 1,767 Crore Irregular Tax Benefits: CAG

Latest on The Logical Indian

News

MP: To Televise PM Modi’s Live Speech, 450 Cows Forced Out Of Cowshed, 8 Starved To Death

Environment

Thousands Of Dead Fishes Wash Ashore Mumbai’s Beaches After Ganesha Visarjan

News

11 Lions Die In 8 Days In Gir Forest, Officials Say Deaths Due To Infighting And Not Foul Play

Health

Doctors Must Write Prescriptions In Capital Letters: Jharkhand Govt Issues Notification

News

Disclose Names Of IIT JEE Qualifying Candidates: IIT-G Students Demand In A PIL Against ‘Super 30’ Founder Anand Kumar

News

HC Gives BBMP Time Till 24th September To Fill Up 2,172 Potholes In Bengaluru

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.