Medical Insurance Premium U/s 80D
This query is : Resolved
CA Umesh Sakpal
(Querist)
13 May 2010
As per the company's policy, employees get reimbursement for the medical premium they paid through the medical reimbursement.
The employees also claim the same premium for 80D deduction.
whether this will be allowed ?
The employees also claim the same premium for 80D deduction.
whether this will be allowed ?
CA Pramod Jain
(Expert)
13 May 2010
ya its allowed
Rahul Gupta
(Expert)
13 May 2010
I am not clear with the Query....
However what my knowledge says is that the Medical reimbursement you claim from the Company upto the maximum of Rs.15,000 p.m against the submission of the bills CANNOT be claimed as deduction u/d 80D.
For deduction u/s 80D, only the premium paid for mediclaim policy is allowed.
Experts views are solicited.........
However what my knowledge says is that the Medical reimbursement you claim from the Company upto the maximum of Rs.15,000 p.m against the submission of the bills CANNOT be claimed as deduction u/d 80D.
For deduction u/s 80D, only the premium paid for mediclaim policy is allowed.
Experts views are solicited.........
CA Umesh Sakpal
(Querist)
13 May 2010
ya, premium is paid by the employee by cheque but later on he gets the reimbursement from the employer under medical reimbursement scheme which is below Rs.15,000/- so exempt from income tax. So whether he can claim medical premium paid U/s 80D ?
Rahul Gupta
(Expert)
13 May 2010
Yes. Since it is the premium paid on mediclim policy, so it can be claimed u/s 80D.
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