There are no rules by which one can dispose of medical waste that is generated at home.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/no-vmc-guidelines-dispose-household-medical-waste
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/times-india-varanasi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hospital-waste
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hazardous-waste
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/central-pollution-control-board-cpcb
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/varanasi-d
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/uttar-pradesh
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/waste-disposal
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/biodegradable-waste
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/non-biodegradable-waste