MEDICAL ALLOWANCE
This query is : Resolved
19 June 2008
I AM GETTING RS.15000/- TOWARDS MEDICAL REIMBURSEMENT EVERY YEAR FROM MY COMPANY BUT COMPANY DOES NOT INCLUDED THE AMOUNT IN FORM - 16. KINDLY EXPLAIN.
REGARDS
YASHODHAN
REGARDS
YASHODHAN
S.Srinivasaraghavan
(Expert)
19 June 2008
If it is an allowance they will not give deduction. But if it is a reimbursement against actuals, it is to be considered for deduction. But in any case the payment given to you will figure in Form 16
CA Vivek Jain
(Expert)
19 June 2008
Yes...Srinivas sir is right..
19 June 2008
I GET ACTUAL REIMBURESEMENT AGAINST MEDICAL BILL OF RS.15000/-.WHETHER IT IS PART OF SALARY 17(1),17(2) & 17(3)KINDLY EXPLAIN
REGARDS
YASHODHAN
REGARDS
YASHODHAN
19 June 2008
It is a reimbursement....so it wont be taxable..
26 May 2010
agree with pc.
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