Spend On Your Children and Get Tax Benefits
4. Treatment for Disabled Children and Other Ailments
The income tax department act of India has given special deductions to parents of disabled children.
The amount that will be incurred for the treatment of the disabled children will fall under two sections.
a) Under section 80DD of the Act, the expenses that are incurred towards the treatment of the dependent children who are disabled are eligible for deduction.
Infact, the parents of the disabled will get deduction of up to
50, 000 in case of normal disability (impairment of at least 40 percent) and up to
1 lakh if the disability is severe (impairment of 80 percent or above).
b) Sec 80DDB of the Act allows deduction of income for up to
40, 000 if there is treatment provided for the specified type of illness.
Also Read:
5 Stress Busters to Lighten Your Debt Worries
18 Post-Budget Tips to Save Your Taxes

