My mother's age is 62 years. Can I claim exemption under 80D for the medicine she takes for her treatment? Please advise.

Ans: Under Section 80D of the Income Tax Act, a person can claim a deduction for the amount paid towards health insurance premium for themselves, their spouse, and dependent children. The maximum deduction allowed is up to Rs. 25,000 for self, spouse, and dependent children, and an additional deduction of up to Rs. 25,000 is allowed if the policyholder pays the health insurance premium for their parents who are senior citizens.

In this case, the person can claim a deduction of up to Rs. 25,000 for the health insurance premium paid for themselves and their spouse. Additionally, since the spouse is not a senior citizen, the policyholder cannot claim the additional deduction of up to Rs. 25,000 for paying their spouse's health insurance premium. However, if the policyholder pays for the health insurance premium for their parents who are senior citizens, they can claim an additional deduction of up to Rs. 25,000.

Therefore, in this case, the person can claim a deduction of up to Rs. 25,000 for the health insurance premium paid for themselves and an additional deduction of up to Rs. 25,000 if they pay for the health insurance premium for their parents who are senior citizens.

Ans: Individual, being resident of India, who is of the age of 60 years or more but less than 80 years at any time during the year, is considered as senior citizen. Thus, you will be considered as Senior Citizen for FY 2022-23.

With reference to mediclaim, nothing is specified for family floter policy in which one person is senior citizen and other one is non-senior citizen. However, logically, in such policies share of senior citizen is higher and accordingly, deduction of Rs.50,000 can be claimed

Ans: As long as the conditions mentioned in 80DD are fulfilled, and you had incurred expenditure on medical treatment of disabled person, the deduction will be allowable in full. Person is required to submit form 10IA

Ans: let me break down your queries about Section 80DDB in a simple and understandable manner:

• Section 80DDB provides deductions for medical expenses incurred by individuals, including senior citizens, for specified diseases.

• For senior citizens (those aged 60 years or above), the deduction allowed under Section 80DDB is up to INR 1 lakh.

• The diseases for which this deduction can be claimed include specified illnesses such as cancer, chronic renal failure, Parkinson's disease, etc.

• The deduction is available for the expenses incurred on the treatment of these diseases for self or dependent family members.

• To avail the deduction, a prescription from a specialist doctor is required, specifying the disease and the treatment.

• The deduction can be claimed for expenses incurred for the treatment of the specified diseases either for the individual or a dependent family member.

• The benefit under Section 80DDB can be availed for each financial year in which the expenses are incurred.

• There is no limit on the number of years this benefit can be availed, as long as the individual continues to incur medical expenses for the specified diseases.

In conclusion, Section 80DDB provides valuable tax benefits for senior citizens facing medical challenges, offering relief from the financial burden of treatment expenses. It's essential to keep records of medical bills and prescriptions to claim the deduction accurately.