80 d deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2017
i am getting a medical allowance as part of my salary Rs 2266. Now for claiming deduction u/s 80 d is it mandatory that i need to submit the medical bills to the extent of 15000?
Kindly clarify
Kindly clarify
CA Manali Maniar
(Expert)
04 April 2017
This medical allowance is fully taxable under the head income from salaries
Medical reimbursements is that it helps reduce taxable income of employees.I order to avail the tax benefits, medical bills worth Rs.15,000 need to be submitted.If you do not produce any medical bills to support your claim for reimbursement, the entire Rs.15,000 is taxable.
Medical reimbursements is that it helps reduce taxable income of employees.I order to avail the tax benefits, medical bills worth Rs.15,000 need to be submitted.If you do not produce any medical bills to support your claim for reimbursement, the entire Rs.15,000 is taxable.
Murtaza I Bhagat
(Expert)
05 April 2017
Medical Allowance is taxable which calculated in salary. No deduction will be allowed in 80D for allowance. For that you have to take any medical insurance policy.
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