Dear Friend,
An individual whose blindness is more than 80% is an individual suffering
from severe disability for purposes of section 80U of the Income Tax Act &
is eligible for an exemption of Rs. 1,00,000/-. All individuals suffering
from blindness less than 80% are eligible for an exemption of Rs. 50,000/-
Regards
Mr. Sameer Latey
Mumbai, India
----- Original Message -----
From: "Rahul Bajaj" <rahul.bajaj10...@gmail.com>
To: <accessindia@accessindia.org.in>
Sent: Sunday, November 27, 2011 12:38 PM
Subject: Re: [AI] Increase in exemption limit in Income tax for visually
challenged persons with severe disability.
So, is blindness considered to be a severe disability?
On 26/11/2011, Sameer <sala...@aim.com> wrote:
Dear Friend,
The exemption under section 80U is Rs. 1,00,000/- for individuals
suffering
from severe disability & Rs. 50,000/- for other disabled individuals.
Regards
Mr. Sameer Latey
Mumbai, India
----- Original Message -----
From: "Rahul Bajaj" <rahul.bajaj10...@gmail.com>
To: <accessindia@accessindia.org.in>
Sent: Saturday, November 26, 2011 10:24 PM
Subject: Re: [AI] Increase in exemption limit in Income tax for visually
challenged persons with severe disability.
Isn't the current exemption limit up to 50,000?
On 26/11/2011, Madhav kumar <ca.madhavku...@gmail.com> wrote:
Sub: Increase in exemption limit in Income tax for visually challenged
persons with severe disability.
Dear Sir,
It is very sad to state that with rising inflation, the exemption limit
for
Visually challenged in Income tax act is still only limited to Rs
100,000
under section 80 U. Thus there is net saving of only 10,000 p.a for a
blind
person. *This means merely Rs. 833.33 per month is available extra to a
blind person which in insufficient with rising inflation and transport
cost. A blind person has to spend double the amount in transportation
and
other day to day activities. *
*It is therefore proposed to increase the exemption limit for blind
person
upto 5 lacs in lines with senior citizen above 80 years. *
* *
Rgds
Madhav
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