Section 80DDB: Deduction for Treatment of Specified Diseases

Section 80DDB of the Income Tax Act provides deductions for expenses incurred on treating specified severe diseases. Eligible diseases include cancer, AIDS, chronic renal failure, and others as specified.

Individuals and HUFs can claim deductions for their own treatment or that of their dependent family members. The deduction limit is INR 40,000 for those below 60 years and INR 1,00,000 for senior citizens.

Deduction is restricted to actual expenses incurred after adjusting any insurance reimbursements. A specialist's prescription is mandatory for claiming this deduction, specifying the disease and treatment details.

Taxpayers must file their returns using appropriate ITR forms (1, 2, 3, or 4) based on their income sources. This deduction is not available under the new tax regime introduced recently.