Medical Allowance

This query is : Resolved

Prashant (Querist)
Follow

18 March 2011 Hi..

We have salary structure which consists medical allowance which is included in CTC

If any employee provides medical bills for himself or his dependents, can that be claimed as an exepmption upto Rs.15000/- u/s 80D

Please revert

Thanks,
Prashant

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

18 March 2011 Medical allowance forming part of the salary and included in the breakup of gross salary is fully taxable.
Whereas reimbursement of medical expenses up to Rs.15,000/- per annum is exempted from income tax vide proviso(v) of section 17(2)of the Income tax Act,1961.

Rajan Kapoor

Rajan Kapoor (Expert)
Follow

18 March 2011 You can not claim it U/s 80D. You can get exemption of medical reimbursement upto 15000/- u/s 17(2).

For more detail you may refer at:
https://www.simpletaxindia.org/2009/02/valuation-of-medical-facilities-to.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Samruddhi Agrawal

N.Chandrasekaran

Rajesh

Rajesh Surapaneni

damodara rao tedla

Subscribe Now

Medical Allowance

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

Manager- Finance and Compliance

Accountant

GST CONSULTANT

GST CONSULTANCY