1. Applicability: Individual or HUF, resident in India.
2. Nature of expenditure: Expenditure incurred for medical treatment of specified diseases for self, dependant relative or member of HUF or dependant relative of member of HUF.
3. Specified diseases as per Rule 11DD:
- Neurological diseases
- Cancer
- AIDS
- Chronic renal failure
- Haemophilia
- Thalassaemia
4. Amount of deduction:
- General: Rs.40000 or amount actually paid, whichever is less
- Expenditure incurred for senior citizen: Rs.60000 or amount actually paid, whichever is less
- Senior Citizen means resident individual who have attained 65 years of age.
5. Conditions:
- Deduction shall be reduced by the amount received from the insurer or reimbursement by the employer against any insurance for medical treatment.
- The assessee shall furnish a certificate in the prescribed Form 10-I
- Certificate is a must and should be obtained from a neurologist, an oncologist, an urologist, a haematologist, an immunologist or such other prescribed specialist working in Government Hospital.
