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Section 80DDB - SPECIFIED DISEASES

Friday, March 17, 2017 by Indian Real Estate News








This deduction under Section 80DDB is available on expenditure incurred for the treatment of specified diseases for self, spouse or dependent family members. The deduction is equal to the amount actually expended or `40,000, whichever is less.


If the person for whom the expenditure is made is 60 or more, the limit will be `60,000 and it will be `80,000 if the age is 80 or more. The list of specified diseases is available in Rule 11-DD of Income-tax Rules.



Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

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1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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