Income Tax Section 80DDB: Deduction in respect of medical treatment on specified disease, With Automated Income Tax Form 16 Part A&B and Part B for F.Y. 2019-20

Income Tax Section 80DDB: Deduction in respect of medical treatment on specified disease

Deduction u/s 80DDB for AY 2019-20 can be availed by you in respect of payment for medical treatment of a specified disease or ailment (such as AIDS, cancer or other neurological diseases specified under Rule 11DD). Deduction under this section can be availed for yourself or dependent up to the amount actually paid or Rs. 40,000 (1,00,000 in case of Senior as well as a super senior citizen) whichever is less.

For AY 2018-19 deduction of Rs 60,000 was available in case of a senior citizen or Rs 80,000 in case of a very senior citizen.

This deduction is subject to the following two conditions:

1. You must mandatorily obtain a prescription for such medical treatment from the prescribed specialist.
2. The amount of deduction will be reduced by the amount, if any `received, in respect of insurance or reimbursement by your employer for the treatment of the person concerned.

The basic difference between 80DD & 80 DDB is-
80 DD: It is for specified disability of dependent.
80 DDB: It is for the treatment of specified diseases of the dependent.

Changes in Budget 2018: In this budget, under deduction u/s 80DDB, the class of super senior citizen has been submerged into senior citizen raising the limit of Rs.60,000/80,000 to Rs. 100,000 or the amount incurred whichever is lower.

Download And Prepare At a Time 50 Employees  Automated Income Tax Form 16 Part A&B (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part A&B in New Format for A.Y. 2020-21 ] ( Who are not able to download the Form 16 Part A from the TRACES Portal, they can use this utility)

The main feature of this Excel Utility:-

1)   Prepare At time 100 Employees  Excel Based  Form 16 Part B ( Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]

2)   All the Amended Income Tax Section have in this utility as per Budget 2019

3)   You can print individual Form 16 Part Part B

4)   Most easy to install just like an Excel File

5)   Easy to Fill all column

6)   Automatic Convert the Amount to the In-Words