Section 80DDB

An individual (less than 60 years of age) can claim up to Rs 40,000 for the treatment of specified critical ailments. This can also be claimed on behalf of the dependents. The tax deduction limit under this section for Senior Citizens and very Senior Citizens (above 80 years) has been revised to Rs 1,00,000 w.e.f FY 2018-19.

On October 11, 2019 by www.taxexcel.net

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Budget 2018 has been kinder to senior citizens, in order to allow them a "dignified life".  To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.C

On December 20, 2018 by www.taxexcel.net

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       The new measure will benefit all salaried employees and pensioners without the hassle of filing supporting documents or bills.

      Till now, taxpayers had to furnish medical bills and an undertaking for conveyance expenses to get the benefit of Rs 19,200 under transport allowance and Rs 15,000 under the medical allowance.

On September 19, 2018 by www.taxexcel.net

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