Increased the Limit of Income Tax Exemption Section 80U Disability Tax Benefit as per Budget 2015

Section 80U Disability Person Avail Income Tax Deduction Max Rs.1.25 Lakh.

Section 80U of Income Tax has provision to avail special tax benefits to those taxpayers who suffers from disability. This Sec 80U seems like 80DD, but the difference is benefit will  be claimed only assessee  himself suffering from disability.

Eligibility to avail Tax benefit

Tax benefit can avail resident individual suffering a disability himself. The HUF and NRI are not eligible for this Sec 80U deduction. The taxpayer who suffers disability with 40% and above could claim tax benefit 75,000/-. In case of disability is severe with 80% then can avail tax deduction Rs.1,25,000/-.

Disabilities considered under 80U

The taxpayer who suffer himself disability Sec 80U, IT act provides tax significant relief . The disabilities  Blindness, Low vision, Leprosy-cured, Hearing impairment, Mental retardation, Mental illness, Locomotor disability are considered under this Section 80U of Income Tax Act, 1961

Certificate to be produced

 To avail tax benefit u/s 80U, the assesse should get certificate from  medical competent authority. The Xerox copy of the certificate should be enclose to the Income Tax returns.