Tax Relief: Understanding Section 80DDB and its crucial differences from Section 80D (Image: Freepik) Income Tax Benefits: When it comes to medical expenses, there are certain provisions under Section ...

Section 80DDB provides tax deduction for treating specified illnesses, covering medical expenses for dependents like spouses, children, parents, and siblings. It has specific limits, documentation ...

Learn why hospitals must issue proper certificates under the Income-tax Act and how they impact deductions under Sections 80DDB, 80DD, and ...

Income Tax Act appreciates people for buying health insurance by allowing deduction on payment of premiums towards their insurance policies. Section 80D of the IT Act provides a deduction to the ...

As the income tax act is comprehensive, there are many deductions that go unnoticed or about which taxpayers are unaware. One of them is section 80DDB which gives tax deductions on medical expenses ...

• I am an income taxpayer. My father stays with me and he suffers from Parkinson's Syndrome. Under section 80DDB, there is a provision to claim medical benefits of up to Rs 1 lakh towards expenditure ...

A complete guide for income tax deductions under sections 80D, 80DD and 80DDB which relate to medical expenses and health insurance/mediclaim. Good understanding will help you in substantial tax ...

Let’s state a fact. As per the Central Board of Direct Taxes (CBDT), approximately 5.89 crore people filed their Income Tax Returns on the new e-filing portal as of 31st December 2021. Though the ...

Did you miss the deadline for submitting tax-saver investment proofs to your employer in the last quarter of financial year 2023-24? Or did you forget to choose the old regime with higher exemptions ...