How mkuch income is exempt from taxes in india for a deaf and dumb person?
Answer:
For an individual who suffers from the handicap- Income upto Rs.150000 is exempt from tax as Deduction u/s 80U of Rs.50000 can be claimed and hence the net income becomes Rs.100000 - basic exemption limit
For a woman who suffers from the handicap, exempt income would be Rs.185000.Deduction u/s 80U of Rs.50000 can be claimed and hence the net income becomes Rs.135000-basic exemption limit for women.
For a senior citizen(65 yrs of age at any time during the previous year and a residenr of India),exempt income would be Rs.235000.Deduction u/s 80U of Rs.50000 can be claimed and hence the net income becomes Rs.185000-basic exemption limit for senior citizens.
Deduction U/s 80U becomes Rs.75000 if disability is 75% or more, in which case the abovementioned exempt income will increase by Rs.25000
If a deaf and dumb person is a dependant on an Individual, then the individual can claim deduction u/s 80DD upto Rs.50000 for normal disability (upto 75%)and Rs.75000 ( for severe disability(75% or more)
Around Rs. 150000.00
Tax exemption to the tune of Rs.50,000/- as per Section 80U of Income Tax Act of India
the income of deaf and dumb will be taxable as normal tax rate.eg
up to 100000 no tax next 50000 10% tax and next 100000 20% and balance 30%
but u can take deducation u/s 80U up to 50000(40% to 75% disability) and 75000(75% more disability)
For the individual u/s 80u
and for the children dependend u/s 80dd
normal handicaped 50000/- p.a
Severe handicaped 75000/- p.a.
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