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76. Deduction for Medical treatment, etc
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76. Deduction for Medical treatment, etc.—(1) A person, being resident individual or Hindu undivided family, shall be allowed a deduction in respect of any amount paid during the financial year for medical treatment of the prescribed disease or ailment of any specified person.
(2) The amount of deduction under sub-section (1) shall not exceed—
(a) sixty thousand rupees, if the amount is paid in respect of any specified person, who is a senior citizen ; and
(b) forty thousand rupees, in any other case.
(3) The deduction under this section shall be reduced by the amount received, if any, under an insurance from an insurer, or reimbursed by an employer, for the medical treatment of the specified person.
(4) The deduction under this section shall not be allowed unless the person obtains a certificate in such form as may be prescribed from a specialist working in a Government hospital.
(5) In this section,—
(a) "specified person" means—
(i) the individual ;
(ii) spouse of the individual ;
(iii) any dependant child of the individual ;
(iv) dependant parents of the individual ; and
(v) any member of the Hindu undivided family ;
(b) "Government hospital" includes—
(i) a dispensary established and run by a department of the Government for the medical treatment of Government employees and members of their family ;
(ii) a hospital maintained by a local authority ; and
(iii) any other hospital with which an agreement has been entered into by the Government for the treatment of its employees.
Clause 76 provides that a person, being a resident individual or Hindu undivided family, shall be allowed a deduction in respect of any amount paid during the financial year for medical treatment of the prescribed disease or ailment of any specified person.
Sub-clause (2) of the said clause provides that the deduction available shall be a maximum of sixty thousand rupees in case the payment is made for a senior citizen and forty thousand rupees if the payment is made for any other person.
Sub-clause (3) of the said clause provides that the deduction allowable shall be reduced by the amount received, if any, under an insurance from an insurer, or reimbursed by an employer, for the medical treatment of the specified person.
Sub-clause (4) of the said clause provides that the deduction shall not be allowed unless the person obtains a certificate from a prescribed specialist working in a Government hospital.
Sub-clause (5) of the said clause defines the terms "specified person" and "Government hospital".
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