form no. 16 for salary

This query is : Resolved

akhil (Querist)
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17 July 2010 dear sir,

our salary structure is basic+hra+conv.
mecial allowance is not shown spreatly.
then pl. advice me to i can take rebate of medical allowance of rs. 15000/-

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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17 July 2010 medical allowance is fully taxable.

Medical reimbursement upto Rs. 15000/- per annum is exempt under income tax.

no rebate of medical allowance is allowable.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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17 July 2010 about med. reimb.
if your amount of med. reimb. is excess to 15000/- then excess amount you have to shown in 12BA form and also add to gross salary. otherwise below Rs.15000/- no need to add. in total salary.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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17 July 2010 Agreed, Remibursement in Excess of Rs.15000/- will taxable as perquisities.

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form no. 16 for salary

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