Deduction for medical reimbursement
This query is : Resolved
dheeraj kumar
(Querist)
05 January 2013
Sir
In my company salary is divided into three heads namely
Basic
HRA
Conveyance Allowance
Now employees are saying that with this breakup they are unable to take advantage of deduction upt0 15000 for medical reimbursement
they are saying make one more partition for salary head under medical allowance so they could claim medical reimbursement in return
Tell me whether what they are saying is correct give exact income tax law for claiming this deduction
what formalities are required from employer side if they want to claim deduction in Form 16
please clarify at the earliest with exact reference to Income Tax Sections so i could put forward the same to higher persons for implementation
Thanks & regards
dheeraj kumar
In my company salary is divided into three heads namely
Basic
HRA
Conveyance Allowance
Now employees are saying that with this breakup they are unable to take advantage of deduction upt0 15000 for medical reimbursement
they are saying make one more partition for salary head under medical allowance so they could claim medical reimbursement in return
Tell me whether what they are saying is correct give exact income tax law for claiming this deduction
what formalities are required from employer side if they want to claim deduction in Form 16
please clarify at the earliest with exact reference to Income Tax Sections so i could put forward the same to higher persons for implementation
Thanks & regards
dheeraj kumar
CA PARAS BAFNA
(Expert)
05 January 2013
Please refer the link -
https://taxingsalaried.blogspot.in/2008/12/reimbursement-of-medical-expenses-rn.html
https://taxingsalaried.blogspot.in/2008/12/reimbursement-of-medical-expenses-rn.html
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