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Form 12bb - showing exempted perquisite

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(Querist)
27 May 2013 There is a medical reimbursement of Rs.15000 to an employee which is exempt u/s 17(2). How to show this amount and deduction from salary income in form 16 and form 12bb.
Can the income be shown net of this amount?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
27 May 2013 In form 12BA only taxable perquisite value will be disclosed, not exempted perquisite, it will show only the perquisite valued as per perquisite valuation rules,

As per perquisite valuation rule, medical expenses reimbursement is exempted up to Rs.15000 per annum. so incase if you provide reimbursement more than Rs.15000. then excess of Rs.15000 will be shown as taxable perquisite otherwise no need to show
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Prudvi Raj Saya

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Prudvi Raj Saya (Querist)
28 May 2013 Thanks a lot.
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