22 August 2011
A private limited company paid medical expenses for Heart Surgery Rs.140000/- for his Employee.How to treat this as per the Income Tax.Pls explain.
22 August 2011
In case the Heart Surgery carried on in -
1. Hospital Owned by Employer 2. Hospital Run by Government/local authority 3. Private Hospital if it is recommended by the Govt for its employees and approved by Chief Commissioner.
and employee produces a certificate from hospital which specifies the amount and disease .
The expenditure so incurred or reimbursed is not chargeable to tax.