Medical reimbursement
This query is : Resolved
Vivek Banginwar
(Querist)
30 July 2008
I have reseived medical reimbursement Rs.2150000/- and that amount has been added in my Income and issued me Form No. 16 after deducted Tax of Rs. 82000/- from my college. So now what can I di for refund the amount. In which section whole amount is exempted? Kindly send me proper reply urgently. thanks
Shrikant
Shrikant
CA Anand Sarda
(Expert)
30 July 2008
Medical reimbursement upto rs.15000 is exempt from tax. Under no section it is fully exempt.
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