Medical allowance
This query is : Resolved
26 March 2014
Dear Sir,
I received more than 15000 thousands medical allowance and submit the bill of my HR but they are saing that on your salary slip "Medical Allowance" is mentioned instead of Medical Reimbursement so this is taxable income whether you are submitting the bill or not ,please advise.
Thanks,
Ashutosh Sharma
I received more than 15000 thousands medical allowance and submit the bill of my HR but they are saing that on your salary slip "Medical Allowance" is mentioned instead of Medical Reimbursement so this is taxable income whether you are submitting the bill or not ,please advise.
Thanks,
Ashutosh Sharma
Guest
Guest
(Expert)
26 March 2014
Ya they are right..As per Income tax Act medical allowance are fully taxable but medical reimburments are exemted upto Rs 15000.
Message likes :
1 times
26 March 2014
Dear Sir,
Thanks for reply,is there any way to save the tax on Medical Allowance?
Thanks,
Ashutosh Sharma
Thanks for reply,is there any way to save the tax on Medical Allowance?
Thanks,
Ashutosh Sharma
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- DIN reactivation
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
