Medical allowance under salary head upto 15000

This query is : Resolved

Padam Singh (Querist)
Follow

09 May 2012 Hi All,

I am preparing Form 16, i have some question for Medical allownace. in f16 where i put the figure. or taxable salary after lees 15,000

Thanks
padam

CA Navin Jain

CA Navin Jain (Expert)
Follow

09 May 2012 Medical Allowansce is not part of salary, therefore will not be shown in form 16.

Message likes : 1 times

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

09 May 2012 i) Medical allowance forms part of salary as per section 17(1), accordingly entire amount paid is taxable and should be shown in clause 1(a) of part B of form 16.
ii) If it is a reimbursement in respect of expenditure actually incurred for medical treatment, such payment is covered under proviso (v) of section 17(2)(viii), accordingly should be routed through clause 17 of form 12BA read along with clause 1(b) of part B of form 16.

Message likes : 2 times

swasti

swasti (Expert)
Follow

09 May 2012 Agreed with Shri B.Chackrapani Warrier.

Message likes : 1 times

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

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

Anju Susan

Girdhar Harlalka

zafar chandwale

atul kumar soni

T E SOUNDARARAJAN

Subscribe Now

Medical allowance under salary head upto 15000

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

CA Final

GST CONSULTANCY

Accountant

Manager- Finance and Compliance