Tax Rebate Medical Bill

Do You want to Save Tax of 5175.00 on addition to the existing claims. Please read below

Medical Bill Tax Rebate
Whenever you purchase medicines for self/ spouse/ children/dependents you can claim the same as tax exemption. There is no restrictions in submitting the bill.

Eligibility for Medical Bill Tax Rebate
This rebate is applicable for salaried employees, where they have spent to purchase medicines from medical shops even for 1paise till 15,000/-. There is no requirement of doctor prescription for submitting these bills.

Maximum deduction limit under Medical Bill Rebate
The actual expense or Rs. 15,000 whichever is lesser can be claimed for income tax deduction. This will not be covered under any category since it is applicable only for salaried employees.

How to get 80DDB tax benefit
You can submit the medical bills which you have to submit them  to your HR in the relevant year to get this deduction on salary TDS or if you miss it you can still put this amount under Chapter VI-A deductions in ITR form in the section Income & Deductions.

Final comment By LtaBillMedicalBill.in

 The Medicine that you purchase for your family can also be used to get Exemptions under medical bills category.

 

Lets Consider You are in Taxation slab of 30%
For Bill Amount of 15000 you pay us 450/- Only
Total Tax saved by this bill = (15000*30% ) +15% on the tax amount.
30% Tax Amount(15000 * 30%)             =4500.00
Service Tax on Tax 12.36% on above      =   675.00
Total Tax Saved                                   = 5175.00
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