Deduction for Medical Treatment of Prescribed Disease or Ailment [Section 80DDB]
• Deduction is allowed for amount incurred on medical treatment of specified diseases or ailments.
• An individual can claim deduction for medical expenses for himself or a dependent person (spouse, children, parents, and brothers and sisters).
• Hindu Undivided Family (HUF) can claim deduction for medical expenses incurred for any family member.
• Deduction is allowed for actual amount incurred or Rs. 40,000, whichever is lower. For senior citizens, limit is Rs. 1,00,000.
• Amount reimbursed or received under insurance or by employer reduces the deduction amount.
• A prescription is also required from a specialist with specified qualifications. It contains the name and age of the patient, the name and address of the hospital (in case of a government hospital), the name of the disease or ailment, the name, address, registration number, and qualification of the specialist issuing the prescription.