Healthcare expenses constitute a significant portion of your overall spending, including health treatments, preventive checkups, and health insurance premiums, and such expenses are rising yearly. You can claim a deduction for these expenses while filing your taxes. Here's a quick breakdown of the sections:
- Section 80D: Deduction for health insurance premiums paid for yourself, your family, and your parents
- Section 80DD: Relief for medical treatment expenses of a dependent with a disability
- Section 80DDB: Deduction for treatment costs of specified diseases, such as cancer, etc.
- Section 80U: Deductions available for individuals or family members with any disability
Steps to claim these deductions
- Navigate to File > Deductions
- Select the relevant card i.e. Section 80U/ DD/ DDB
- Enter the required details i.e. Disability type, medical expense amount, etc. for each section
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