80d
This query is : Resolved
Sandeep Joshi
(Querist)
06 May 2016
Dear All,
kindly hepl me in Tds on salary..
i am worked at pvt ltd company and we are deduct TDS on salary of our some employee.. and we are giving him medical allowance 15000/- and employee also invest in 80D sepratly... so my quistion is that when i canculate the tds on salary that time, can i will less this two deduction or not ??? 80d and medical allowance.
Murtaza I Bhagat
(Expert)
06 May 2016
You have to less 80D deduction for medical premium but medical allowances is deductible u/s 17(2) if it is not given in fixed form only reimbursement upto Rs.15000/- is exempted.
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07 May 2016
Agree with Murtaz Sir
In Simple words if you are submitting the medical bill than medical allowance is tax free and you can deduct both for your tax calculation.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
In Simple words if you are submitting the medical bill than medical allowance is tax free and you can deduct both for your tax calculation.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
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