Income tax benefit in respect of medical reimbursement

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Raghav (Querist)
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05 May 2012 Respected Sir,

For the financial year we need to know about the income tax benefit in respect of Medical reimbursement amount if any changes made in the new finance act 2012.

I have come to know the followings:

Medical reimbursement : Max limit for medical reimbursements has been increased to 50,000 per year from current 15,000 limit.

The reference link for this information is below as per point no:14.

https://www.doyouknow.in/Articles/Finance/Taxes/DTC-Direct-Tax-Code-Income-Tax-Slabs-For-Financial-Year-2012-13.aspx

Kindly review and suggest me the same.

Amol S Joglekar

Amol S Joglekar (Expert)
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05 May 2012 Not any thing in Finance Bill 2012.

Guest

Guest (Expert)

05 May 2012 There is no such amendment for medical expenses. BUt u/s 80D Rs 5000 is allowed for preventive health chekc ups.

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