deductions u/s 80DDB

Deductions amounting to the following figures can be claimed under Section 80DDB:

For Financial Year 2014-15 (Assessment Year 2015-16)

• An assessee is eligible to claim tax deduction of Rs. 40,000 or the actual amount paid, whichever is lower.

• Senior citizens, above the age of 60 years, are eligible for tax deduction of Rs. 60,000 or the amount actually paid, whichever is lower.

From Financial Year 2015-16 onwards (Assessment Year 2016-17)

• An assessee is eligible for tax deduction of Rs. 40,000 or the actual amount paid for medical treatment, whichever is lower.

• Senior citizens, between the ages of 60 years and 80 years, can claim tax deduction of Rs. 60,000 or the actual amount spent on the medical treatment, whichever is lower.

• Super senior citizens, aged above 80 years, are eligible for tax deduction of Rs. 80,000 or the actual amount paid for the medical treatment, whichever is lower. From Financial Year 2018-19 onwards (Assessment Year 2019-20)

• An assessee is eligible to claim tax deduction of Rs. 40,000 or the actual amount paid, whichever is lower.

• Senior citizens, above the age of 60 years, are eligible for tax deduction of Rs. 1,00,000 or amount actually paid, whichever is lower.