Medical
care is the most important part of social welfare in a country. It is in the
interest of a country that people should be healthy and avail medical facility
whenever needed. Union Government has provided certain tax deductions to
promote health status of its citizens. These have been highlighted in Table
RELIEFS FOR
MEDICAL FITNESS ..
|
Name
of incentive
|
Section
|
Amount
|
Period
|
|
Medical
insurance premium
|
80D
|
1)
maximum Rs. 6,000
2)
maximum Rs. 10,000
3)
maximum Rs. 15,000
|
1)
A.Y. 1995-96 to 1999-00
2)
A.Y. 2000-01
3)
From A.Y. 2008-09
|
|
Medical
treatment or special policy for disabled dependent
|
80DD
|
1)
fix Rs. 15,000
2)
fix Rs. 40,000
3)
fix Rs.50,000 and Rs. 75,000 for severe cases
4)
fix Rs.50,000 and Rs. 1,00,000 for severe cases
|
1)
A.Y. 1995-96 to 1998-99
2)
A.Y. 1999-2000 to 2003-04
3)
A.Y. 2004-05 to 2009-10
4)
A.Y. 2010-11
|
|
For
treatment of specified chronic diseases
|
80DDB
|
1)
fix Rs. 15,000
2)
fix Rs. 40,000 (Rs. 60,000 for senior citizens)
|
1)
A.Y. 1997-98 to 1999-2000
2)
From A.Y. 2000-01
|
|
For
permanent physical disabled assesses
|
80
U
|
1)
fix Rs. 40 000
2)
fix Rs. 50000 and Rs. 75000 for severe disability
3)
fix Rs. 50000 and Rs. 100000 for severe disability
|
1)
AY 1996-97 to 1999-2000
2)
A.Y. 2000-01 to 2004-05
3)
From A.Y. 2005-06
|
The
above Table highlights that monetary limit has been increased by the Union
Government under Sections 80D, 80DD, 80DDB and 80 U from time to time.
Since
expenses on medical treatment can not be considered as luxury and is in tune
with national policy in this regard, there does not seem any logical reason for
fixing maximum deduction limit under Sections 80D, 80DD and 80DDB.
It
is worth mentioning that people have to spend lakhs of rupees for treatment of
chronic diseases as prices of medicines have been increasing sharply .
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