Medical bills

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2012 Dear sir/mam
My medical bill (Medical Insurance Premium) is upto 15000/- & i have medical expenses of rs. 100000/- in a year how can my tax will save.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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19 March 2012 for medical insurance u can claim 80D. but you must fulfil other conditions. u can get full 15000/- exemption in 80 D.
for medical exp of 1 lac. you can claim 80DDB till 40,000 or if age more than 65 then 60,000/- But it is for specified disease or ailment as prescribed by the board. Or 80DD if it is for medical treatment of a handicapped dependent who severe disability which is specified. in this 50,000/- deduction irrespective of exp and if disability is more than 80% then 1 lac deduction.

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