100%income tax rebate on medical reimbursement by a company
This query is : Resolved
AJIT KUMAR JAIN
(Querist)
16 June 2012
Pl clarify full IT rebate is admissible on medical reimbursement made by by the company/office to his employee irrespective of the amount of reimbursement on indoor/hospitalization treatment.
A.s.jain
A.s.jain
CA CS Amit S. Kedia
(Expert)
16 June 2012
The amount of deduction will be the lower of the following two-
1.The medical amount reimbursed by the company on production of bills
2.Rs. 15000
1.The medical amount reimbursed by the company on production of bills
2.Rs. 15000
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