Medical expenses reimbursed

This query is : Resolved

RV (Querist)
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12 March 2009 My company reimburses medicine bills/doctors fees/any other medical expense to the tune of Ss 15000.00 per annum at the end of year. Please let me know if such reimbursed amount is taxablein my hands? Is the company liable to pay FBT on such reimbursed amount? Thnx.

CA.SHAHZAD SAYYED

CA.SHAHZAD SAYYED (Expert)
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12 March 2009 Medical Reimbursement upto Rs.15000/- is Chargeable in the hands of employer under clause E of Sec.115WB(2)
Medical Reimbursement above Rs15000/- is chargeable in the hands of Employees

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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12 March 2009 Medical expenses reimbursed by the employer to the extent of rs.15000/- pa is exempted in the hands of the employee. however FBT u/s115WB(2)(E) is applicable on it.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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12 March 2009 I agree with views of Shahzad.

RV (Querist)
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16 March 2009 Thank you all. With multiple confirmtions and no counter view, it removes the doubt. Doubt crept up becuase earlier, this 15000 medical reimbursement was not covered under FBT.

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