Tax Benefits

Tax benefits provided to the people with special needs in our country

One can claim deductions in respect of expenses incurred for medical treatment, rehabilitation or training of a child with special needs or for paying for life insurance in order to provide for maintenance of a child with special needs. The deduction available is for Rs 50,000. However, if the child is suffering from severe disability, the claim can go up to Rs 1,00,000.

In addition to the cost of purchasing medical health insurance and treatment of a child with special needs, the income-tax laws also allow the person a deduction in respect of amounts spent for medical treatment of your child for specified diseases. Deduction is available for up to Rs 40,000 under Section 80DDB

The Income Tax Act also allows deduction in respect of any expenditure incurred on medical treatment, training and rehabilitation of parents with disability. Deduction is available for up to Rs 50,000. If a parent suffers from severe disability, the deduction claimed can be up to Rs 1 lakh.