Dependants of assessee

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Meenu Agarwal (Querist)
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02 July 2012 can brother/ sister be dependants of assessee for the purpose of medical reimbursement forming part of salary and for 80C deductions.
can the assesse invest in the name of its dependants for deuction u/s 80C?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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02 July 2012 Deduction u/s 80C is NOT available for LIC, etc of brother/sister.

Meenu Agarwal

Meenu Agarwal (Querist)
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02 July 2012 n what about the medical reimbursements forming part of salary. Can the medical expenditure incurred on brother/sister be claimed?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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21 July 2024 Medical reimbursements forming part of salary typically refer to payments made by an employer to cover medical expenses incurred by an employee or their dependents. Whether medical expenses incurred on a brother or sister can be claimed under such reimbursements depends on the specific policies of the employer and the tax laws applicable in your jurisdiction. Here are some general considerations:

1. **Employer's Policy:** Employers usually define who qualifies as a dependent for medical reimbursement purposes. Dependents typically include the employee's spouse, children, and sometimes parents. Some employers extend coverage to siblings, while others do not. You should refer to your company's HR policy or consult with your HR department to determine if siblings are covered under the medical reimbursement scheme.

2. **Tax Implications:** Under tax laws, medical reimbursements are often exempt up to a certain limit if the expenses are incurred for medical treatment of the employee, spouse, children, and sometimes parents. If siblings are covered under your employer's policy, and the medical expenses are reimbursed, these reimbursements would generally be exempt from tax up to the specified limit.

3. **Claiming Medical Expenses Directly:** If your employer does not cover siblings under the medical reimbursement scheme, you may still claim tax benefits for medical expenses incurred on siblings under the Income Tax Act provisions applicable in your country. Typically, medical expenses paid for siblings can be claimed as deductions under specific sections of the Income Tax Act, subject to certain conditions and limits.

4. **Consultation with Tax Advisor:** Tax laws can vary significantly by jurisdiction, and specific rules may apply to medical reimbursements and deductions for medical expenses. It's advisable to consult with a tax advisor or chartered accountant who is familiar with the tax laws in your country or region. They can provide guidance on the eligibility criteria for medical reimbursements and deductions, as well as help you optimize your tax benefits.

In summary, whether medical expenses incurred on a brother or sister can be claimed under medical reimbursements depends on your employer's policy and the tax laws applicable in your jurisdiction. Check your company's HR policy and consult with a tax advisor for specific advice tailored to your situation.

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