12 January 2013
Suppose someone gets a medical allowance of $1250/month from his employer.Now he wants to get it reimbursed by submitting the medical bills to the employer.Does he has to show a bill of 1250 every month for an year or he can submit a bill of $15000 in a month?
12 January 2013
Dear Friend, the medical allowance is allowed on the basis of actual basis maximum to Rs. 15000/- in a year.You have to show total expenses regarding medical at the end of year or while demanded by your HR department for deducting your taxes. Thanks
Querist :
Anonymous
Querist :
Anonymous
(Querist)
12 January 2013
Dear Sir,so if it is Rs. 15000/- in one month of an year the entire amount will be exexpmted?
CAclubindia
