ITR Filing Deductions and Excemptions

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steven (Querist)
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10 July 2024 HI ALL ,

Can someone help to put some details for ITR , in which Medical allowance and Medical expenditure deduction to be done along with Deduction under Section 80DDB. What is maximum amount that can be availed in that .
both for private individuals and cG staff .

Tax payable for salary 7- 10(Age for 45 -60) and (60-79) how much is tax payable with all savings .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 July 2024 Under Section 80DDB of IT act the deduction under Old regime is up to Rs.40,000 or the actual amount paid (whichever is less) for patients under 60 and Rs.1 lakh or actual amount (whichever is less) for patients 60 and above. No difference in private employee or CG staff.
Tax savings will be more under New Tax regime, where the deductions are not allowed.

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steven

steven (Querist)
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13 July 2024 Can You share a dummy comparison for the both new and old regime , when i did the computation old scehem was good for people above 70 and income in 6 to 8 , and for the 60 to 70 the new regime was good for income upto 7 . keeping all deduction at max .
also in new regime how to fill for 80DDB exemption .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 July 2024 Sec. 80DDB deduction is not allowed in New regime.
Even without getting this deduction check tax liability with New regime, it may be less compared to Old regime.

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