Press Information Government of India Ministry of Finance
24-April-2015 17:39 IST
Tax Relief To Family Members of Differently Abled
Section 80DD of the Income Tax Act, 1961, inter alia, provides for a
deduction to an individual or HUF, who is a resident in India, and
• Incurs expenditure for the medical treatment (including nursing),
training and rehabilitation of a dependant, being a person with
disability; or
• Pays any amount to LIC or any other insurer in respect of a scheme for the maintenance of a disabled dependant.
The section provides for a deduction of fifty thousand rupees if the
dependant is suffering from disability and one hundred thousand rupees
if the dependant is suffering from severe disability.
“Dependant” in the case of an individual, has been defined to mean
the spouse, children, parents, brothers and sisters of the individual or
any of them, and in the case of a Hindu undivided family, a member of
the Hindu undivided family, if such person is dependant wholly or mainly
on such individual or Hindu undivided family for his support and
maintenance.
In view of the rising cost of medical care and special needs of a
differently abled person, Finance Bill, 2015 proposes to amend section
80DD of the Income-tax Act so as to raise the limit of deduction in
respect of a person with disability from fifty thousand rupees to
seventy five thousand rupees and in respect of a person with severe
disability, from one hundred thousand rupees to one hundred and twenty
five thousand rupees.
This was stated by Shri Jayant Sinha, Minister of State in Ministry
of Finance in written reply to a question in the Lok Sabha today.
*****
DSM/KA
Source : http://pib.nic.in/newsite/PrintRelease.aspx?relid=118676
