Medical expense of parents

Claiming Medical Expenses as Deductions You can claim medical expenses as deductions under Section 80D of the Income-tax Act, 1961, if you have paid for the medical expenses out of your pocket and they are not covered by any health insurance.

Eligibility Criteria To claim deductions, ensure the following: -

*Medical Expenses*: The expenses should be for medical treatment, hospitalization, or other related costs. - *Payment*: You should have paid the expenses out of your pocket. - *No Insurance Claim*: The expenses should not be claimed under any health insurance policy. Documents Required To claim deductions, keep the following documents: - *Medical Bills*: Receipts and bills for medical expenses. - *Hospitalization Documents*: Discharge summary, medical records, and other relevant documents. - *Payment Proof*: Proof of payment, such as credit card statements or bank statements. Claiming Deductions in ITR You can claim deductions for medical expenses under Section 80DDB if the expenses are for specified diseases or under Section 80D for general medical expenses for self, spouse, children, or parents. - *Section 80DDB*: Claim deductions for medical expenses for specified diseases, subject to certain limits. - *Section 80D*: Claim deductions for medical insurance premiums or medical expenses for self, spouse, children, or parents, subject to certain limits. Conclusion To claim medical expenses as deductions: - 

*Gather Documents*: Collect medical bills, hospitalization documents, and payment proof. - 

*Check Eligibility*: Verify the eligibility criteria for claiming deductions under Section 80D or 80DDB. -

*Claim Deductions*: Claim deductions in your ITR, ensuring you follow the relevant section and limits 

Was hospitalized for breathing issues due water in lungs , cardiac issues , insurance claim was rejected as it was post leaving job & fresh hospitalization is not covered , so should I claim it under 80D or 80DDB?

Parents' medical expenses after leaving a job:

• 80D (old regime) allows deduction for medical expenditure on senior citizen parents without health insurance, up to Rs 50,000, paid other than in cash. If they're insured, only premiums count. For specified diseases, 80DDB (up to Rs 1 lakh for senior citizens).

• Not available in the new regime.