Vishwajeet Kamal (Others) (66 Points)
28 December 2017Can I claim rebate for medical insurance premium U/s 80D if I have already taken its reimbursement from my organization under medical allowance ?
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 28 December 2017
No, its not possible because 80 D is only for medical insurance premium you are paying. medical allowance payable by your organisation is form part of your salary income until you are providing medical expense bill to your organisation. hence medical premium paid by you can not be considered as medical expence
Vishwajeet Kamal
(Others)
(66 Points)
Replied 01 January 2018
Thanks for your reply. My query is, in case my organization reimburse the medical insurance premium as medical allowance, Can I still claim rebate under Sec 80D as well ?
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
VIKAS CHOUDHARY
(FINANCE EXECUTIVE)
(25 Points)
Replied 02 January 2018
Dear Vishwjeet,
The amount of medical insurance premium, reimbursed by your orgnisation, will be the part of salary income and will be part of your GTA,
However for the same amount, you may take the deduction of section 80 D ( for max. eligible amount), while calculating Total Income.
CAclubindia
