Let's do the reading of this section, it's all clear to
you, let's do the reading, see what ATD is saying, ATD says
that deduction will be available to the extent, how much,
5,000, how much, 25,000, if you pay premium on the health,
on the health if you pay premium, whose, self, spouse and
children, example of this is Junior Big B, either pay
premium or put some money in the central government health
scheme, this point has come, or put some money in some
other health scheme, basically outflow
come out of your pocket, money should come out of your
pocket, money should come out for what, for health
insurance, money should come out, so how much deduction
will you get, this is his own, and if he took for parents,
like he took for Big B, so how much did he get for Big B,
and further deduction of 25,000 extra we had given him
there, but this green box says that if, suppose if Abhishek
Bachchan was above 60 years in that case, then instead of
25,000 how much would be the limit, 50,000 rupees, he is
saying that, increase deduction will be of 50,000 rupees
instead of 25,000, that if any of the above people is a
senior citizen, means in this case 50,000 and for this Big
B lesson, for this also 50,000, if you do health check-up
then health check-up is included in the same limit of
25,000 and 50,000, and you can spend health check-up in
cash, but keep in mind that the insurance
when you will give health insurance premium, never give it
in cash, if you give it in cash, then you will not get its
deduction, so keep this in mind, whenever any health
insurance, health insurance
will come, then keep a note of that also, and check how
much premium is going, you will get the deduction of 25,000
rupees, keep this in mind, and go home and tell everything,
that our friend Mr.
Gupta is a chartered accountant, and he has told us
everything, this is a joke friends, actual things are not
told to people, if you pay attention, it will be covered.
Come to the fifth point, he is a senior citizen, he is
above 60 years, and he is not getting health insurance, so
if he is doing medical expense, then he will get deduction
of 50,000 rupees, let's move ahead, tell me, did you
understand or not? Friends, always keep your confidence
high, as I tell you in every lecture.
Sometimes, friends, there is a point, that a person gives a
premium of health insurance for free, how for free? For
example, he is in a profession, where he does not know
about his future income, for example, there is a hero, he
got a movie, and he received 1 crore rupees, now he does
not know, when will he get the next movie, may be he will
not get it for the rest of his life, now when he gets the
money, he says, I will get health insurance,
I do a lot of stunts, if I get a hand or leg injury, then I
have not earned so much money, as much money will go in my
treatment, so what will he do, he will give 2 lakhs, 3
lakhs, 5 lakhs for free, and will take his health insurance
of 20 lakhs, 30 lakhs, now suppose the condition is, it is
applicable for 10 years, for example, he says, the
insurance company says, you do one thing, he says, you give
us 5 lakhs, he says, ok, and he says, it will be applicable
for you, for example, for 50 years,
50 years, it will be applicable for 50 years, 5 lakhs, so
say, if I can get 1 year, then how much will it be, if I
can get 1 year, then it will be 10,000 rupees, so how much
deduction will he get for 1 year, only for 1 year, how much
deduction will he take for every year, he will take 10,000
rupees, the amount of insurance he is paying, he will
divide it by the number of years, how many years it will be
applicable, and the figure that comes out, he will take his
deduction
of 10,000 rupees, he will take his deduction of 10,000
rupees, this is the point, this is the point, this is the
illustration, in this illustration, what it says, that this
man has made an actual payment, what all he has done, first
see his age, he says, he is
10,000 rupees, see this friends, in real life you will get
many useful sections, because in today's world every person
has a life insurance policy, and a health insurance policy
is being carried out, because medical expenses are
increasing a lot, many diseases are coming which make a
person disable, and with this I will start my next section,
that if a person
This is a very serious matter and for this we will bring a
section of deduction and they have made this section 80DD.
80DD says that it provides deduction. Come read with me.
This is given to the resident, to the individual, to the
HUF.
And what all payment deductions do you get?
Either you get a person undergoing medical treatment,
nursing etc.
Or you have deposited some money for his maintenance.
So that the poor person's maintenance goes on properly.
He gets the things that he needs on time.
If you have deposited money for that, then what do you get
for that money?
You get a deduction of Rs. 75,000.
And if the person is very disabled, his whole body does not
work, then you will get a deduction of Rs.
If a person cannot see with his eyes, then is he a
disability?
Absolutely.
These are the eyes with which we are watching these
lectures, increasing our knowledge.
Imagine, if a person does not have eyes, then how will he
spend his life?
In that case, if a person spends money for his maintenance
or medical expenses, then that person will get a deduction
of Rs.
75,000 from his income.
If the disability is less, and if the disability is more,
then he will get Rs. 1,25,000.
If this point is not clear to you, then I would like to
focus your attention on this figure.
Look at this.
Just a minute.
Just a minute, friends.
Did you see that figure?
Look at this.
Now, in this case, you must have seen the film Golmaal 1.
In this case, Mr. Parishawal was blind.
His wife was also blind.
Both of them were blind.
Imagine, if Samir, the grandson of Mr.
Parishawal, would have come and would have deposited some
money for his medical expenses or for his maintenance, then
Samir would have got a deduction of Rs.
If the disability was less, and if the disability was more,
then he would have got Rs. 1,25,000.
We are talking about 80DD.
You must have seen this film, friends.
It has got the status of a cult film.
And whenever I feel down, I also watch this film and
refresh my mood.
Ok friends, this point was clear to you.
Let's move on to the next section.
This is a very small section.
There is not much difficulty in this.
Let's move on to the next section.
The next section says that you were talking about the
maintenance of a disabled person.
Or you were spending money on his medical expenses.
Or you were contributing some amount to him.
You used to get deduction across total income.
Don't be lazy friends, come on, pay attention to me.
Now this next section 80DDB.
It says that if you have done medical expenses, if you have
a specific disease, and you have spent money to treat that
disease, then the government says, that it was our
responsibility to have free treatment in our country.
But because you are investing your income in that
treatment, then will you get deduction from that income?
According to which section?
According to 80DDB.
If you full-form DDB, then it is a heart-throbbing disease.
I am saying this to remind you that DDB means
heart-throbbing disease.
If you get treatment for that, then you will get deduction
from the money you spend on treatment.
This is the section, friends.
Come on, read with me.
Provides deduction to SSC, which is a resident.
And on what medical expense will he get deduction?
Either for himself or for a dependent person, if he spends
money.
The person who is dependent on him, like his children, his
wife, his parents, if he spends money on them, then he will
get deduction from that expense.
This is the section, friends.
How much will you get?
The actual expense of that person, or 40,000 rupees, 40,000
rupees, whichever is less.
And if he is a senior citizen, then there is a limit of
1,00,000 rupees.
But remember, if the money is received from the insurance
company, then deduct it from the expense.
I spent 25,00,000 rupees.
I recovered 10,00,000 rupees from the insurance company.
So how much will be the actual expense? 15,00,000.
Then compare it with the limit of 40,000 and 1,00,000.
This is the point, friends.
40,000 and 1,00,000 rupees.
This is the maximum deduction.
No matter how much you spend, if you are a normal person,
then 40,000.
And if you are a senior citizen, that is, if you spend more
than 60 years, then you will get 1,00,000 rupees.
There is a film, Kal Ho Na Ho.
Shah Rukh Khan was in that film.
He had cancer.
There was blood cancer in that film.
To get his treatment done,
he left his home in Mumbai and went to America.
He said,
Hey Kiran, get my treatment done.
So Kiran, who was his doctor, was getting his treatment
done there.
Kiran was getting her treatment done.
What will happen in that case?
Will Shah Rukh Khan get his deduction?
This is the film, friends, which I was talking about.
Can you see this image?
I will enlarge it a little.
Don't look at the monitor, don't look at the pre-treatment.
Look at Shah Rukh Khan.
Can you see him in this case?
I will stand here.
Now look at him.
Director, move this side.
He should not look at the pre-treatment.
I am in front of the pre-treatment.
Can you see this machine?
He had gone to America to get his treatment done.
He had cancer in this film.
He had gone to America to get his treatment done.
What will happen to him in this case?
Will he get his deduction?
Because there was no senior citizen in this film.
So what is the deduction?
The actual expense he must have incurred.
Or 40,000, whichever is less.
But if he had gone now, it would have been 60 years or more.
Suppose if he goes beyond 60 years, then what will be his
deduction?
Actual or 1 lakh rupees, whichever is less.
Take this.
Look at Preeti.
Sir, show this to Preeti Dinda.
That's it.
Did you see?
Shall we go?
Come.
We will see Preeti Dinda.
We are explaining the master concept here.
But they don't pay attention to the master.
Useless people.
They want to see Preeti Dinda.
She is already married.
She doesn't stay here.
Shall we go ahead?