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Income tax

nilesh (proprietor ) (174 Points)

25 July 2016

I WANT TO KNOW HOW MUCH CAN I CLAIM FOR MAJOR DISEASES IN INCOME TAX FOR ASSESSMENT 2016-2017 FOR SENIOR CITIZEN

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CA Saurabh Singh (Practising Chartered ) (974 Points)
Replied 25 July 2016

Hello Nilesh,

Sec 80DD where there is severe disability (disability is 80% or more) – fixed deduction of Rs 1,25,000.A certificate of disability is required from prescribed medical authority.

Where disability is 40% or more but less than 80% - fixed deduction of Rs 75,000.

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nilesh (proprietor ) (174 Points)
Replied 25 July 2016

i hereby clarify its was bybass surgery and not disability so please let me know the deductions

CA Saurabh Singh (Practising Chartered ) (974 Points)
Replied 25 July 2016

If any surgery is conducted and expenditure is incurred for himself or on his dependend a sum of Rs. 40,000 shall be allowed under this section, however the same shall be increased if the same expenditure is incurred on age oabove 60 the same shall be Rs. 60,00 and in case of expenditure incurred above 80, the same shall be allowed upto 80,000.