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 ?
16 March 2012
medical allowance is not exempt. medical insurance can not be claimed against medical allowance. deduction of medical allowance is not available.
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