Nitso Technologies Blog

Your go-to blog for everything related to HR, Payroll and Inventory Management Software

Menu
  • Home
  • Contact Us
  • About Us
  • Privacy Policy
  • Tax Information
    • Tax Benefit on Home Loan
    • Section 80 EEA
    • Section 80E
    • Section 80U
    • Donating Money? Tax benefit under section 80G.
    • Deduction available under Section 80D
    • Tax Treatments of Investment National Pension Scheme
    • HRA Exemption
    • Section 87A : Tax Rebate under Section 87A
    • Section 10 of Income Tax Act
Menu

Section 80U

Posted on May 27, 2020May 27, 2020 by nitsotechnologies

Section 80U of the Income Tax Act, 1961 includes provisions for tax deduction benefit to individual taxpayers suffering from a disability. In order to claim tax deduction under section 80U, the individual must be certified as a person with a disability by appropriate medical authority.

The disability act also provides a definition of severe disability which refers to the condition where the disability is 80% or more. A person suffering from multiple disabilities will also be considered as severely disabled.

Person with Disability: If a person is suffering from at least 40% disability, he/she can claim a tax deduction upto Rs.75,000 on the taxable income under section 80U.

Person with Severe Disability: If a person is suffering from severe disability i.e suffering 80% disability (either from one or multiple ailments) can claim a tax deduction upto Rs. 1.25 lakh under section 80U.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • What to consider when choosing your Payroll Software?
  • Statutory Bonus
  • Notice Pay- Salary in lieu of Notice
  • Cloud HRMS in India | Where to Purchase the best online HR software in India?
  • Provident Funds in India

Recent Comments

    Archives

    • December 2020
    • July 2020
    • June 2020
    • May 2020
    • February 2020
    • January 2020

    Categories

    • Best HR Software for Startup
    • Compliance
    • Do You Know?
    • HR Software
    • Payroll Software
    • Small Business
    • Uncategorized
    © 2022 Nitso Technologies Blog | Powered by Minimalist Blog WordPress Theme