ITR Filing: Deductions On Medical Expenses For Senior Parents Under Section 80D Explained
Section 80D of the Income Tax Act offers deductions for health insurance premiums and medical expenses incurred on senior citizens.
Section 80D of the Income Tax Act offers deductions for health insurance premiums and medical expenses incurred on senior citizens.
As of July 22, 2024, some four crore people had filed income tax returns (ITR), and chartered accountants and tax-filing websites played a major role in helping them do so.
The Income Tax Act exempts special allowance for salaried people under section 10 (14).
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