Web13 Apr 2024 · Section 80DDB allows deduction of the expenditure incurred for self, spouse, children, parents and siblings on treating specified diseases. Rule 11DD of Income Tax … Web11 Apr 2024 · Tax deduction of Rs.32,000 on Rs.32,000 paid as health insurance premium for you and your dependents. Tax deduction of Rs.35,000 for your parents (senior …
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Web17 Jul 2024 · The amount of the deduction depends on two factors - the age of the patient and the actual amount of expenditure. The amount is capped at the: The actual amount … Web14 Jul 2024 · • An individual can claim tax for the premium paid for self and family up to Rs.25,000, on premium paid for parents upto Rs.25,000 (max Rs. 30,000, which includes … diamond head restaurant west plains mo
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Web10 Apr 2024 · To further illustrate the point, let us assume that one with income of Rs.15.5 Lakhs, has a combined deductions of Rs.5.25 Lakhs (across limits of 80C, 80D with senior citizen parents, home loan interest repayment, NPS & standard deduction), then the tax outgo under the Old TR is Rs. 1,24,800, which is Rs. 31,200 less than Rs.1,56,000 under … Web14 Jul 2024 · • An individual can claim tax for the premium paid for self and family up to Rs.25,000, on premium paid for parents upto Rs.25,000 (max Rs. 30,000, which includes additional 5000 rupees on... Web9 Mar 2024 · The vast majority (about nine out of 10 of taxpayers) claim the standard deduction. This is because it eliminates the need to itemize every expense, and save every receipt. In 2024 the standard deduction is $12,550 for singles filers and married filing separately, $25,100 for joint filers, and $18,800 for head of household. diamond head rym