Dear all,
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2016
We are providing Rs
2000 PM fixed medical allowance to one of the employee however this employee has provide us the medical insurance policy of 21678/- pls let me know should i give him benefit of 15000 as Medical reimbursement u/s 17(2) and remaining amount is to be taxable or should i give him the benefit of Rs. 21678/- u/s 80E,
Thanx & Regard
Rohit Chahar
06 June 2016
Fixed medical allowances is fully taxable not come under 17
you can consider Rs. 21678/- as medical policy premium u/s 80D not 80E.
you can consider Rs. 21678/- as medical policy premium u/s 80D not 80E.
06 June 2016
medical allowance will taxable under the income tax, you can give medial reimbursement upto Rs. 15000/- in year is not taxable. and ,medical policy will be deducted u./s 80D
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