Clarification regarding medical insurance
This query is : Resolved
16 March 2012
Hi,
Out of my total Salary, i am getting Rs. 15,000.00 as Medical Allowance which is a component of Gross Salary. I do not have any medical insurance policy and not paying amount as medical insurance premium. Can i claim deduction for Rs. 15,000.00 which i received as Medical allowance from the employer ?
Kindly clarify. Thanks in advance
Out of my total Salary, i am getting Rs. 15,000.00 as Medical Allowance which is a component of Gross Salary. I do not have any medical insurance policy and not paying amount as medical insurance premium. Can i claim deduction for Rs. 15,000.00 which i received as Medical allowance from the employer ?
Kindly clarify. Thanks in advance
Anil Verma
(Expert)
16 March 2012
medical allowance is not exempt. medical insurance can not be claimed against medical allowance.
deduction of medical allowance is not available.
deduction of medical allowance is not available.
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