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80DDB
Senior citizens want Budget 2023 to hike income tax deductions, free 60 plus from ITR filing burdenAmid high inflation and rising cost of healthcare, senior citizens are hoping for a slew of measures from Finance Minister Nirmala Sitharam...13 Jan, 2023, 01.49 PM IST- How to save income tax via medical expenditures under sections 80D, 80DD, 80DDB, 80UMedical expenditures for certain specified diseases provide tax benefits under the Income-tax Act. Section 80D, 80DD and 80DDB and 80U of t...03 Mar, 2022, 01.06 PM IST
- Medical expenses that can be claimed as tax break under section 80DDBThe deduction under section 80DDB can be claimed irrespective of whether you have paid a premium for a health insurance policy or not. The ...02 Mar, 2022, 09.18 PM IST
- Tax deductions, exemptions not available in new tax regimeHere is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.19 Feb, 2022, 10.38 AM IST
- Can these deductions make you tax free?Different sections under the Income-Tax Act correspond to different savings or expenses, some of which are eligible for tax deductions and ...07 Mar, 2020, 11.05 AM IST
- ITR filing: 5 things you should know about section 80DDB deductionsOne can claim deductions either for himself or dependents which can be one’s spouse, parents, children or dependent siblings or members of ...22 Jul, 2019, 11.44 AM IST
- My wife and I are senior citizens. Can I claim tax sops for medical treatment under Section 80DDB?The deduction under section 80DDB can be claimed only by the taxpayer who is a resident of India during the relevant previous year.24 Apr, 2019, 12.40 PM IST
- Budget 2018 proposes tax, other benefits for senior citizens: Rs 50,000 interest income exemptedInterest up to Rs 10,000 from all savings bank accounts, whether held with a bank or post office, is applicable for tax deduction under Sec...19 Dec, 2018, 11.04 AM IST
- Budget 2018: FM proposes to enhance deduction for medical treatment for seniorsThis deduction is available on the expenditure incurred by a taxpayer on the treatment of specified diseases for self or spouse, and depend...02 Feb, 2018, 11.00 AM IST
- How to restructure income, investments & expenses to optimise tax outgoTax out-go can be cut if one’s employer agrees to rejig pay package components and by availing of all deductions one is eligible for.12 Jan, 2016, 03.37 PM IST
- Claiming tax benefit on serious ailments such as thalassaemia, cancer, AIDS and haemophilia as expenses made easyFinance Ministry has made it easier to claim tax benefit on expenditure with regard to serious ailments like thalassaemia, cancer, AIDS and...15 Oct, 2015, 10.21 AM IST
- Save more, restructure your income to cut taxIf salaried Francis rejigs his salary structure and avails the deductions he is eligible for, his effective tax can decrease to about 5.5%.05 Oct, 2015, 08.28 AM IST
- Benefits for senior citizens in Budget 2015Another benefit for the elderly is in terms of the increase in deduction in health insurance premium and medical treatment.28 Feb, 2015, 01.25 PM IST
- Tax planning does not end with Section 80CIt's that time of the year again when one needs to begin calculating their tax liabilities. However before you do so, remember to analyze t...23 Feb, 2013, 04.24 PM IST
- Your tax-saving investments: Choice should be based on your needs and investment horizonThe Section 80C offers a wide range of investing options, but your choice should be based on your needs, risk profile and investment horizo...07 Jan, 2013, 10.08 AM IST
- DDB Worldwide acquires adam&eve for merger with DDB UK to create adam&eve/DDBDDB Worldwide announced that it has acquired adam&eve. The agency will merge within 1 month with DDB UK to create a new agency, adam&eve/DD...25 May, 2012, 10.19 PM IST
- Query corner: TaxOur expert helps you Understand the Complexities of Tax In This Weekly Column.12 May, 2010, 01.52 AM IST
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