medical allowance
This query is : Resolved
chintan mehta
(Querist)
23 March 2009
is medical allowance an fbt item?
K V Subba Rao
(Expert)
23 March 2009
Use of word "Allowance" implies that payment is made without having any nexus with actual expenditure; so it is taxable in the hands of employee as salary and therefore there is no FBT
HUZAIFA HUSSAIN
(Expert)
23 March 2009
REIMB.OF MEDICAL EXPENSES UPTO RS.15000/- ATTARACTS FBT IN THE HANDS OF EMPLOYER
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