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Eligibility for Tax Deduction under Section 80DDB: Understanding Who Can Avail the Benefit

Health insurance has become a household name today. By seeking the right type of insurance for your health, you can provide yourself with an umbrella of protection, safeguard your wellness and manage your health-related finances for the long run.

Basically, with health insurance plans, you can receive coverage for your health which can help you use your own savings or expenses to pay for your health-related treatments and hospitalization when the need arises.

Today, the payment for health insurance plans is covered under Section D of the Income Tax Act. But Section DDB helps talk about Deductibles which are in terms of medical treatment-related expenses for specific types of diseases and conditions. Let us help you understand the eligibility criteria for this type of tax deduction under Section 80DDB to find out who can claim such benefits.

80DDB Healthcare Tax Deduction- Who Is Entitled To Claim It?

Any organization or corporation is not entitled to claim this type of deduction even with a health insurance policy. This means it is only available to individuals. Moreover, it is only open to be claimed by the assesses who stays in India or who has stayed there until last year. This goes on to say that no non-resident of this country can claim this deduction by any means.

Also, it is important to make sure that the person incurring the deduction has made their fair share of expenses related to health insurance policy. For more details, make sure you speak to your insurance provider so that they can provide you with the right kind of assistance in this field. They can also help you understand 80DDB and its clauses in a more comprehensive manner to be on the safe side.

The People Who Can Undergo Medical Treatment as Deduction Under Section DDB

This type of deduction is only available for those individuals who are incurring medical expenses. But note that one can only use these expenses for certain types of individuals only-

1. Hindu Undivided Family (HUFS)

If you live in an undivided family and you are a Hindu, your medical expenses can be used as a deduction. So, you can use this to treat any family member who may require it the most. You can also learn more about such tax benefits health insurance and help your family be informed too to leverage its assistance on time.

2. Individuals

In this type, too, the medical expense can be used to render quick medical treatment relating to the assessee. This can also be related to any of their dependents. Remember that the dependent can be anyone ranging from their children, partner, and siblings to even more.

So, learn about that properly before you go ahead to file for a healthcare tax deduction under this section. Note that when we talk of dependents, we are relating to those individuals who are financially dependent on the support of this individual for good health and insurance-related services.

What Type Of Medical Assistance Is Provided Under Section 80DDB?

This type of deduction is only made possible for certain types of diseases and health conditions. Here are the types of conditions it can be used for-

  • Any neurological disease that may range from Chorea, Dementia, Ataxia, Aphasia, Hemiballismus, Parkinson’s disease, and Motor Neuron Disease. It can also cover Dystonia Musculorum Deformans in the process. So, make sure that anyone with these neurological diseases, as certified by a healthcare provider, is entitled to this type of deduction.
  • Chronic renal failure
  • AIDS- Acquired Immuno-deficiency Syndrome.
  • Hematological conditions mainly Thalassemia and Hemophilia.
  • Malignant cancer

What Are The Documents Needed?

Anyone who wishes to claim this deduction must know that it is compulsory for the assessee to offer a requirement for medical treatment. Apart from that, they must also offer evidence that states the treatment is already in process. That is why having sufficient health insurance policy-related knowledge would be better.

In the olden days, this type of information regarding prescription was important for medical experts of government hospitals to keep a track record. But times have changed, and now this prescription can be received from diverse private hospitals itself. In fact, now there is no such necessity of acquiring it only from the doctor of a government hospital. Here’s how the prescription can now be acquired-

  • In relation to Malignant Cancer, an Oncologist must provide the prescription who has a Doctorate of Medicine in this field.
  • If you have AIDS, the prescription must be offered by any healthcare expert with a postgraduate degree in internal medicine. Any degree at equal may also work for this purpose.
  • If you have Chronic Renal failure, the prescription must be offered by a Nephrologist who boasts a Doctorate of Medicine degree in this sector. You can also scout for a Urologist with a Master of Chirurgiae degree in this field.
  • If you are suffering from neurological problems, the prescription must be availed by a Neurologist with a doctorate in medicine in this field. An equal degree will also do the job in need.

Proceed With Your Health Insurance Policy Carefully

Age is a significant factor to consider in the deduction amount that can be claimed under Section 80DDB. This should be related to the individual who is incurring the medical treatment and the expenses. For more, you can speak to your health care provider. They will inform you about tax benefits health insurance.

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