4 Tax Benefit Tricks for Senior Citizens


Medical Expenses

Under section 80 DDB, there is a clause of tax deduction on the expenses on medical treatments for specified ailments. The amount of deduction is generally 40,000 for all but in case of senior citizen, it is 60,000. As the age has been reduced to 60 to acquire the tag of senior citizen, so always try to get benefited under to section. This tax deduction is available on the costs incurred for medical treatment, training or rehabilitation of a disabled dependent, including amount spent for nursing.