Archive | Income Tax Deductions for Disabled

Tax benefit to employee on Medical Reimbursement of up to Rs.15,000

A lot of health benefits have become available to employee these days & with stretched working hours, job stress & other genetical factors, medical expenses incurred on yourself, spouse or children have become very common. Medical Reimbursement is an arrangement under which employers reimburse the portion of the health expenses incurred by the employee. The […]

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tax saving investments

Tax Benefits on Children Education Allowance, Tuition fees & School Fees

In this article, we have enumerated the tax benefits available for payment of education fees of children that is part of the salary structure of the salaried individual as well as taking additional deduction under section 80C for making investments in children’s education. The government of India allows tax breaks & income tax exemption on […]

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Business Standard 2

Income Tax Changes of financial year 2015-16

As the winter is setting in, 2015 seems to be getting over too soon! Another couple of months will beget the close of this financial year. Which also means its time to get ready with tax saving documents and investment proof declarations which have to be submitted to your employer. Your employer can then adjust your TDS […]

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Deduction under sections 80U, 80DD, 80DDB

Income Tax Deductions for the Disabled

In order to provide tax benefit to those who are differently abled or those caring for dependents who may be differently abled – Income Tax Act has laid out deductions under section Section 80DD – Deduction for maintenance including medical treatment of a handicapped dependent – a person with a disability Section 80DDB – Deduction […]

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