Skip to main content

Tax benefits for people with disabilities

NayiDisha Editor

Also available in: हिंदी
6Likes
11 Downloads

Key Takeaways:

We are currently working on the key takeaways for this article. They will be available soon.

Loader Loading...
EAD Logo Taking too long?

Reload Reload document
| Open Open in new tab

Download [127.38 KB]

The government of India has introduced certain section under tax laws which provides tax benefits for people with disabilities.

In the above article, you can find the details about the 80DD and 80U tax benefits. Budget 2022 has added and introduced a new tax benefit for parents/guardians of people with disabilities. The new tax is proposed to be added under 80DD. As per the new tax sop, if a parent/guardian of buys a savings life insurance policy with the latter as the beneficiary then the parent/guardian would be eligible for deduction from gross income before tax subject to certain conditions. (Economics times). To know more check, https://cleartax.in/s/who-can-claim-deduction-under-section-80dd and https://cleartax.in/s/section-80u-deduction

The infographic above provides information on the requirements for applying for the tax benefits, types of disabilities recognised for accessing the benefits and the deduction amount.

Also, check out the article on How to apply for legal guardianship for children with special needs? and also How to apply for disability certificate in India.

Acknowledgement: We would like to thank Jitendra Solanki for providing us with information on the latest tax update.

If you’re seeking more information and guidance on this topic and related areas, Nayi Disha’s Know Your Rights (KYR) Program is here to support you every step of the way. By joining, you’ll gain access to valuable resources on government schemes, benefits, financial support, legal rights, and more, all aimed at securing a brighter future for your child. To learn more, visit our chatbot by clicking this link: https://bit.ly/4dJVCP3, or simply type ‘KYR’ on our helpline number 844-844-8996.

DISCLAIMER: Please note that this article is for information purposes only.

Write Blog

Share your experiences with others like you!

English