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Tax exemption for expenditure incurred on medical purpose

NURUL HUDA (Advocate) (22 Points)

10 March 2017

Whether medical expenditures in case of treatment of dependent parent is exempted from taxable income of PSU employee

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If an individual incurs any expense on medical treatment of a dependant individual who is suffering from diseases specified in section 80DDB, he can claim deduction of those expenses but restricted to lower of the actual amount spent or Rs.40,000 (Rs.60,000 in case of senior citizen) per fiscal.

Where an individual is allowed a deduction in the range ofRs.50,000-Rs.1 lakh is in respect of expenses incurred for medical treatment (including nursing), training and rehabilitation of an individual who is physically disabled and dependent on him.

If you are a salaried employee, any amount reimbursed by your employer in respect of medical expenses incurred by you on the medical treatment of your son to the extent ofRs.15,000 per fiscal shall be exempt from tax.

In addition to this, any amount paid by the employer in respect of medical treatment in any government hospital or for prescribed diseases can be claimed as exempt from tax.

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