29 May 2017
Assessee has received medical reimbursement from his old employer after his retirement amounting to Rs.1,00,000- What is the taxable reimbursement that can be taken? Whether Rs.15,000- is applicable for retired employees also?
30 May 2017
The Rs.1 lakh and odd pertains to hospitalisation expenses, which he has spent and submitted to his old employer and subesequently got reimbursement. Is it taxable in the hands of the assessee? This reimbursement is made based on the employer's company policy.
Kindly mention if it is exempt or otherwise with section reference, if any.
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