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Medical Reimbursement

BINU.M.S (MCOM MBA ICWAI-Inter(Studying)) (197 Points)

30 May 2009

Dear Friends

Can any one tell me the Medical Expenses reimbursed by the employer to the employee comes under which section.

Thanks In Advance

BINU.M.S

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7 Replies

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 30 May 2009

if any sum is paid by the employer for expenditure actually incurred by the employee for medical treatment in an unapproved hospital and it exceeds Rs. 15,000 during the year, such sum is "salary" as defined in clause (1) of section 17 of the Income-tax Act

BINU.M.S (MCOM MBA ICWAI-Inter(Studying)) (197 Points)
Replied 31 May 2009

Thanks Praveen

Mishra,Chetan Prakash (Service) (22 Points)
Replied 31 May 2009

Dear all

my query is whether the benefit of medical reimbursement under the income tax act is calculated on an annual or monthly basis especially when computing income for tds on salaries.

NISHIT A. DOSHI (ARTICLE ASSISTANT) (224 Points)
Replied 01 June 2009

i am totally agree with praveen kumar .

with regards,

C.A.NISHIT DOSHI

K D PAL (service) (24 Points)
Replied 01 June 2009

Originally posted by :chetan p mishra
"	Dear all my query is whether the benefit of medical reimbursement under the income tax act is calculated on an annual or monthly basis especially when computing income for tds on salaries.	"

Dear Mr .Mishra

It is reimbursement hence paid whenever the empoyee produces the bills for payment, or if it is paid as allowance and is not more than 15000/- p.a. it is exempted from tax, if the annual amount is more than 15000/- shall be counted as his salary income and calculated as the othr parts of salary-

Radheyshyam Falod (CA) (416 Points)
Replied 01 June 2009

Originally posted by :chetan p mishra
"	Dear all my query is whether the benefit of medical reimbursement under the income tax act is calculated on an annual or monthly basis especially when computing income for tds on salaries.	"