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of <h1>Tax Deduction for Medical Expenses: Up to 40,000 for Individuals, 1 Lakh for Senior Citizens, Requires Medical Prescription.</h1> An assessee residing in India may claim a tax deduction for medical treatment expenses up to forty thousand rupees or the actual amount paid, whichever is less, for themselves or dependents. This applies to individuals or Hindu undivided families. The deduction requires a prescription from a specified medical specialist and is reduced by any insurance or employer reimbursements. For senior citizens, the deductible amount increases to one lakh rupees. Definitions for 'dependant' and 'insurer' are referenced from other legal sections.
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