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Exemption of Medical Expenses Reimbursement.

Article Assitant & CA Final Student

X, a Govt. employee received Rs. 3.5 lakh during FY 2007-08 against the Medical Expenses borne by him for some critical disorder during the FY 2001-03.

What will be the Tax Treatment of the Reimbursement received during the Previous Year and how much exemption can he claim?

 

 
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Finance Executive


Dear,

Read section-17 of Income Tax Act, 1961.

 

regards,

 
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hi ! Reimbursement of Medical Expenses will be exempt to the extent of Rs. 15,000/- u/s 17(2) of the I.Tax Act and the rest would be taxable in the hands of employee. Vinod

 
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(Guest)

Sirs,

Background Upon attaining 55 years of age and completing 20 years of central government service, I opted out on voluntary retirement (but not under VRS).  Retiremeent benefits having been settled, I receive Rs. 100/= per month  medical allowance. 

Question : Am I eligible for exemption for tax purposes under Section 17 (2) of Income Tax Act, if i have bracketed  with taxable income.  

Regards,

 

 
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Articled Assistant


If the treatment has been done in a govt hospital, and the amount is reimbursed, then the whole amount is Exempt u/s 17(2).

 
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Accounts dept


Medical  expenses can re-imburse? U/s  80DDB - mentioned specified  dieses ?

 
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Article Assisstant


Is it Salary to the Director for the Company, If co. reimburse more than 40000 to Director of Co.as medical Exp.? 

 
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Assistant to Accountant

Sir,

I am working in a carporate sector, and  here is Medical reimburs facility is being provide by employer for  maximum Rs. 30,000/- P.A but  I don't claim any reimburshment during one or two year, can this balance amount be carry forwerd to next year?

Indrajeet

 

 
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