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of <h1>Finance Bill 2012 proposes lowering senior citizen age to 60 for higher medical expense deductions under Section 80DDB.</h1> Clause 26 of the Finance Bill, 2012 proposes an amendment to section 80DDB of the Income-tax Act, which pertains to deductions for medical treatment expenses. Currently, individuals or their dependents can claim a deduction of up to forty thousand rupees for specified medical treatments. For senior citizens, the deduction is sixty thousand rupees. The amendment aims to redefine a senior citizen as an individual aged sixty years or more, instead of the current sixty-five years. This change will be effective from April 1, 2013, impacting the assessment year 2013-2014 and onwards.
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