Hospital bill

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Baljinder Singh (Querist)
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30 August 2011 Dear Sir,

One of our employees badly injured during accident on the road and company has paid interm hospital bill of Rs.452368/-. Still employees in ICU in hospital. He is not cover with ESIC.

Pls advise us Hospital expenses allowable to company or not.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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30 August 2011 yes. it is allowable expenses under Income tax. also need to be calculated employee perquisite

Baljinder Singh

Baljinder Singh (Querist)
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31 August 2011 Dear Sir,

Thanks for your reply. Pls advise us how much amount taxable in the hand of employees.

Regards,

Baljinder Singh

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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31 August 2011 Proviso to Sec. 17(2)): Value of medical treatment in any hospital maintained by the Government or any local authority or approved by the Chief Commissioner of Income-tax. Besides, any sum paid by the employer towards medical reimbursement other than as discussed above is exempt
upto Rs.15,000/-.

Baljinder Singh

Baljinder Singh (Querist)
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01 September 2011 Thanks for reply.

regards,

Baljinder singh

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