80DD Calculator - Tax Deduction for Disabled Dependents
Before you file taxes, check out your potential tax benefits under section 80DD. It takes a few minutes to compute the deductions you can avail of under this section.
Before you file taxes, check out your potential tax benefits under section 80DD. It takes a few minutes to compute the deductions you can avail of under this section.
Residents Individuals or HUFs can claim a deduction under section 80DD of the Income Tax Act for a dependent who is differently abled and relies on the individual (or HUF) for assistance and maintenance. The deduction is only applicable if the disability is at least 40% and this deduction is allowed for a dependent of the taxpayer and not the taxpayer himself.
It is important to understand that deduction under Section 80DD is not allowed if the dependent relative claims a deduction under Section 80U for himself.
Section 80DD calculator helps you calculate the deduction you can avail if you have disabled dependents in your family. It will give you an accurate estimate of savings you can do under the given section.
The amount of deduction allowed is -
With the help of the Section 80DD calculator by tax2win, you can easily calculate your 80DD deduction and keep track of your finances.
The 80DD deduction calculator can be used by anyone eligible to claim the given deduction. You should be an individual or a part of HUF. This deduction does not apply to non-resident Indians (NRI).
All Indian residents and HUF who have dependent disabled can claim tax deductions under Section 80DD of the Income Tax Act, 1961. In other words, the amount paid toward a dependent's medical expenses with a specified disability is eligible for a deduction under section 80DD of the Income Tax Act. It includes the following disabilities
In new tax regime, Chapter-VIA deductions cannot be claimed, except deduction u/s 80CCD(2)/80CCH/80JJAA as per the provision of Section 115BAC of the Income Tax Act, 1961. In case, taxpayer wants to claim any deductions (as applicable), then taxpayer needs to choose the old tax regime by selecting “Yes” option in ITR 1 / ITR 2 (or) “Yes, within due date” option in ITR 3 / ITR 4 / ITR 5 in the field provided for “opting out option” under Schedule ‘Personal Information’ or ‘PartA General’ in the respective ITR.
Under section 80DD dependents means
To claim the deductions, all you need is a certificate of disability from one of the designated medical agencies. Form 10-IA must be completed if a dependent has cerebral palsy, autism, or multiple impairments. A neurologist, pediatric neurologist (for children), civil surgeon, or chief medical officer must sign this.
Yes, it is possible to claim deductions under both Section 80DD and Section 80DDB of the Income Tax Act in India, provided you meet the eligibility criteria for each section and the expenses incurred meet the specified conditions.
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