form no. 16 for salary
This query is : Resolved
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/-
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
(Expert)
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.
Medical reimbursement upto Rs. 15000/- per annum is exempt under income tax.
no rebate of medical allowance is allowable.
Murtaza I Bhagat
(Expert)
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.
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.
17 July 2010
Agreed, Remibursement in Excess of Rs.15000/- will taxable as perquisities.
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