Section 80DDB provides tax deduction for treating specified illnesses, covering medical expenses for dependents like spouses, children, parents, and siblings. It has specific limits, documentation ...

Tax Relief: Understanding Section 80DDB and its crucial differences from Section 80D (Image: Freepik) Income Tax Benefits: When it comes to medical expenses, there are certain provisions under Section ...

As the income tax act is comprehensive, there are many deductions that go unnoticed or about which taxpayers are unaware. One of them is section 80DDB which gives tax deductions on medical expenses ...

3. Section 80DDB: Deductions are available on the expenses on medical treatment of specified ailments like AIDS, cancer and neurological diseases which can be claimed under Section 80DDB. The limit of ...

I am 48 and my company provides me a group health insurance policy that covers my parents. I suffered a slipped disc last year and have to undergo regular physiotherapy. Can I claim tax benefit on ...

After the part one of the Last Minute Tax Planning tips that talked about investments that can be made which will make you eligible for deductions from your taxable income, this part will talk about ...

New Delhi [India], May 20: In this present fast-paced world, ensuring your well-being and safeguarding your health is one of the most significant aspects. Hence, securing yourself financially through ...

It’s around this time of the year that companies start asking their employees for proof of their tax-saving investments and expenses to calculate their final tax liabilities for the financial year.

Most life insurance policies go beyond protecting the children. They can also be used to take loan at more competitive rates than other modes. The loan amount depends upon the amount covered under the ...