Medical reimburse u/s 10

This query is : Resolved

sandeep (Querist)
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10 November 2014 In our company, we have one employee who is in contract of Rs 16,500/- pm and deduct PF @ 12%. Our company is reimbursed his medical bills also.
our company limit is Rs 40,000/- per year.
When we reimburse his medical bill above Rs 15,000/- is comes under income tax.
now whether we have to deduct his tax above Rs 15,000/- or just add in his taxable income.
As his income tax is NIL.

Amol S Joglekar

Amol S Joglekar (Expert)
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10 November 2014 Just add in income. His income is still below taxable limit.

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Rupesh Jain

Rupesh Jain (Expert)
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10 November 2014 u have to add the amount above from Rs. 15000/- and after that if income tax will deductible then deduct the tax.

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