Can we claim 80d and 80ddb together?

The section 80D of the 1961 Income Tax Act is a provision that encourages citizens to safeguard their health. It offers tax deductions on the premiums that were paid for their health insurance plan.

• Recognising the strain that expenses related to healthcare can cause, it aims to ease the financial burden by providing relief through tax benefits.

• Under this section, taxpayers can claim deductions for premiums paid on health insurance plan for not just themselves but their families and parents too.

• The extent of deductions, however, varies based on the insured individual’s age, the mode of payment, as well as the relationship with the individual for whom the expenditure is being made.

• This section provides deductions for the following expenditures:

• Medical insurance premiums

• Preventive health checkups

• Expenditure related to medical treatments

• Any central government health scheme contributions.

The 80DDB income tax section of the 1961 Income Tax Act is a provision that aims at providing medical expense deduction that may have been incurred during certain specific diseases.

Recognising the strain that expenses related to medical treatments can cause, it aims to ease the economic burden by providing relief through medical expense deduction.

Here is a list of diseases for treatment, of which deductions can be claimed under section 80DDB.

Neurological Diseases for which the disability level has been officially certified as 40% or above:

• Dementia

• Dystonia Musculorum Deformans

• Motor Neuron Disease

• Ataxia

• Chorea

• Hemiballismus

• Aphasia

• Parkinson's Disease

• Malignant Cancers

• Full Blown Acquired Immuno-Deficiency Syndrome (AIDS)

• Chronic Renal failure

• Haematological disorders:

• Haemophilia

• Thalassaemia

To benefit from medical expense deduction, taxpayers are required to obtain a medical certificate from a specialist practising in a government hospital.

Although the deduction amounts under section 80DDB are fixed, they vary based on the age of the patient. Senior citizens are generally allowed higher deductions.

Yes, one can claim the deductions under both the 80D and 80DDB sections of the Income Tax Act. Since sections 80D and 80DDB address financial relief under different purposes and cater to distinct medical expenses, these can be claimed simultaneously.

Section 80D focuses on deductions of premiums paid towards health insurance policies, while section 80DDB focuses on deductions related to treatments of specific diseases.

Covers under 80D, such as healthcare expenditures and preventive health checkups, do not clash with the cover clauses under section 80DDB.

In essence, section 80D and section 80DDB are both vital clauses that can prove beneficial for taxpayers by maximising their tax savings, especially when claimed simultaneously.

Simultaneously, to ensure that your medical needs are safeguarded without the threat of sudden financial burdens, investing in a health insurance policy is paramount.

At Tata AIG, we provide health insurance plans that are tailored to your individual needs at budget prices, making them the best health insurance plans for your personal needs. Invest in a health insurance plan that is made for you today.

What is the maximum deduction under 80D for self?

The maximum deduction under section 80D for self is ₹25,000.

How can I claim a deduction under 80D?

Only as a salaried individual can you have the option to avail of the deduction under 80D. This can be done either by submitting the receipts of your insurance premium or medical bills to either your employer or by claiming during the process of your income tax return.

What is the deduction limit under 80DDB?

The deduction limit for people under 60 years of age is ₹40,000, while for senior citizens it is ₹1,00,000.