09 September 2010
My father recvd Rs.24000/- from his employer towards reimbursement of medical expenses incurred by him . I wanted to clarify that whether tax will only be on Rs.9000/-(24000-15000) or on Rs.24000/- entirely as the wordings of the section says that "not exceeding Rs.15000/-" . I am sure that it is only on Rs.9000/-, but I wanted to have some legal backing or source i.e (Example illustrated in any book which can be accepted by the employer) . Can anyone provide me with the source ?
CAclubindia
