19 December 2007
Medical Reimbursement is exempted up to 15000/- to the salaried employee.But if he worked for 9 months in a F/Y whether whole amt of 15000 will be exempted or 11250???
19 December 2007
As far as filing of Return and Assssment is concerned, the employee can claim full amount of Rs 15000 irrespective of (a) whether he spent the same in one or more months only or all through the year uniformly, (b) whether he is in employment or not for all the twelve months and (c) whether he worked with one employer or more than one during the FY.
If the employee has worked under two employers during the FY, I opine that first employer need not hesitate to adopt entire amount of Rs 15000 for TDS purpose.This is because the employee may putforth that by God's grace, he may not have to spend any thing towards medical expenss in the later part of the FY.
09 January 2008
Mr.Amit If the Employee have left the JOb at the end of July then how can he can present after july's bills?. Plz Note that He is under salary only till july (i.e. no employment anywhere after july)
20 February 2008
The medical expenses received by the employee if exceeds Rs.15000/- will be taxed on the balance amount exceeding Rs.15000/- irrespective of his date of joining or leaving.
CAclubindia
