Medical allowance exemption in income tax return
This query is : Resolved
Siddharth jain
(Querist)
05 August 2014
My medical allowance is 26500 but in form 16 medical allowance is not given as exempted allowance of 15000 so can i take medical allowance of rs 15000 as exempted in my income tax return if it is not shown as exempted in form 16.
Nikhil Kaushik
(Expert)
06 August 2014
medical allowance is not exempt..
only medical reimbursements are exempted.
only medical reimbursements are exempted.
Rupesh Jain
(Expert)
06 August 2014
medical allowance is always is taxable. exempt is only when employer reimbursement the medical exp. in a year upto Rs. 15000/-
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