Tax applicability on medical allowance & medical reimbursement
deepali (HR) (44 Points)
28 February 2016
Vikas Gupta
(Tax Executive)
(530 Points)
Replied 01 March 2016
Medical allowance is fully taxable u/s 10 of Income Tax Act,1961 whereas medical reimbursement is exempt upto Rs. 15000/- provided medical bills to be produced before employer by employees.