Medical Allowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2011
I have a query regarding medical allowance. I get 1250 p.m. as medical allowance in my salary. So this is fully taxable.
I have query that if I produced the medical bills for financial year then whether the amount of bills will be deducted from my gross salary.
I know that this is possible if you get medical reimbursement.
Please reply.
I have a query regarding medical allowance. I get 1250 p.m. as medical allowance in my salary. So this is fully taxable.
I have query that if I produced the medical bills for financial year then whether the amount of bills will be deducted from my gross salary.
I know that this is possible if you get medical reimbursement.
Please reply.
24 February 2011
Yes.. its possible.
upto 15000/- per annum medical reimbursement is tax free.
upto 15000/- per annum medical reimbursement is tax free.
Murtaza I Bhagat
(Expert)
24 February 2011
yes, upto 15000/- medi.reimb. is exempted from tax but above 15000/- means {(ex. 16000 reim. - 15000 exempted ) = Rs. 1000/-)} it will add to gross salary for tax calculation.
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