Tax relief expenditure on serious diseases
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
LOK SABHA
UNSTARRED QUESTION No. 1143
TO BE ANSWERED ON
FRIDAY, THE 4TH DECEMBER, 2015
13, AGRAHAYANA, 1937 (SAKA)
TAX RELIEF EXPENDITURE ON SERIOUS DISEASES
1143. SHRIMATI RANJANBEN BHATT:
Will the Minister of FINANCE be pleased to state:
(a) whether the Government propose to provide tax relief for the expenditure incurred on serious diseases; and
(b) if so, the details thereof and the steps taken by the Government in this regard?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI JAYANT SINHA)
(a) to (b) A deduction upto Rs. 40,000/- on account of expenditure on medical treatment of specified diseases is allowed from the total income of the assessee under the provisions of section 80DDB of the Income-tax Act, 1961. The limit is increased to Rs. 60,000/- and 80000/- if the amount is paid on the treatment of a senior citizen (an individual of the age of 60 years and above) and very senior citizen (an individual of the age of 80 years and above) respectively. The diseases are specified in the Rule 11DD of the Income-tax Rules, 1962 which inter-alia, include cancer, AIDS, hemophilia etc. In addition to the above, a deduction upto 25,000(30,000 in case of a senior citizen) is allowed under section 80D Income Tax Act, 1961 on account of health insurance premium. In case of a very senior citizen, the deduction of 30,000 on account of medical expenditure is allowed under said section 80D if he does not have a health insurance policy.Read more on
Section 80DDB – Deduction i.r.o. Medical Treatment: IT Circular 20/2015
PDF/WORD(Hindi) PDF/WORD
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COMMENTS
Govt is giving Rs 500 per month towards medical expenses and that amount is being included in arriving at total income .Generally senior citizens will have some problem or other and take medical treatment from nearest doctor instead of going to the nominated doctor.Further most of Govt Hospitals do not entertain senior citizens as a special case and they cannot wait longer time .Govt should therefore give some amount of exemption for medical treatment for deduction of such expenses born by them for the arrival of taxable income.The decease may not be cancer etc etc.