What is Section 80DDB? Know tax benefits for specific medical expenses: 5 top points | Business – Times of India
[ad_1] Section 80DDB of the Income Tax Act provides individuals with a valuable tax deduction for expenses incurred in treating certain specified illnesses. This provision allows for a deduction on medical treatment expenses incurred for dependents suffering from specified diseases. Eligible dependents for coverage include spouses, children, parents, and siblings.Here are five essential things to…