Pl clarify me. we reimburse of our staff's Medical Allowance by quaterly of Rs. 3750/-. now we are collect the support documents for thier IT Declation for 2014-15.
some staff's are submitted thier medical expense incurred bills for family and parents for U/s 80D.
pl guide. can i accept this medical bills for U/s 80D or not?.
23 March 2015
Under section 80D it is only deduction allowed on medical insurance of self, spouse, children and dependent parents only. But medical reimbursement up to 15000 is treated as tax free perquisite u/s 17(2).