Challenged individuals can avail exemption upto Rs. 1 Lac from their income- 80U

In computing the total income of a resident individual who is suffering from a permanent physical disability, the Income Tax Act provides the facility of claiming deduction under section 80U to such disabled. The total deduction under this section shall be lump sum of Rs.50000. However, higher deduction of Rs.1, 00, 000 is available if the assessee is severe disabled. For availing the deduction the assessee shall have to furnish a copy of certificate issued by the specified medical authority in the prescribed form. Disability includes, Blindness, Low vision, Leprosy-cured, Hearing impairment, Mental retardation, Mental illness. A person with disability is a person suffering from not less than 40% of any of the above disabilities. Severe disability means 80% or more of one or more of the above disabilities. If a disabled has claimed deduction under section 80U then no deduction shall be claimed by any of his relative under section 80DD upon which he is dependant. Deduction can be claimed either by the disabled himself under section 80U or by his relative under section 80DD and not by both. Timely and efficient tax planning go long way in lowering your total taxes by employing and taking advantages of in-built provisions of tax exemptions, deductions, concessions, rebates, reliefs, allowances and other benefits granted by the tax laws so that the incidence of tax is reduced. We at Taxmantra.com have the expertise to guide you in lowering your tax outgo and thus enhancing your total take away.  We at Taxmantra.com provide full year support solving all your tax issues, in addition to filing of your return of income with excellent tax planning. Join us in pursuit of simplifying individual taxation! Alok Patnia Founder and director at Taxmantra.com

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