Medical deductin
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2012
DEAR SIR,
I GOT MEDICAL ALLOWANCE-36000.00
I PAID MY MEDICAL BILL FOR RS.25000.00 + RS.25000 FOR MY FATHER
HOW MUCH AMOUNT IS DUDUCTIBLE
I GOT MEDICAL ALLOWANCE-36000.00
I PAID MY MEDICAL BILL FOR RS.25000.00 + RS.25000 FOR MY FATHER
HOW MUCH AMOUNT IS DUDUCTIBLE
29 March 2012
Fix medical allowance is always taxable and hence in your case nothing is deductible form your salary income.
However you can arrange with your employer to give Rs.36000 against your submission of medical bill instead of medical allowance.In which case Rs.15000 is deductible if medical treatment is availed in private clinic.
Thanking you
CA.Nilang A Dalal
Mob.09374821453
However you can arrange with your employer to give Rs.36000 against your submission of medical bill instead of medical allowance.In which case Rs.15000 is deductible if medical treatment is availed in private clinic.
Thanking you
CA.Nilang A Dalal
Mob.09374821453
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