medical reimbursement
This query is : Resolved
23 May 2011
i have incurred 50000 as medical expenses of my dependent. i submitted the medical claim to my employer. i got 40000 as medical reimbursement. balance 10000 borne by me. can i claim the same (10000) as medical expenses under medical expenses of rs 15000/-
U S Sharma
(Expert)
24 May 2011
15000 is the medical insurance, not medical expenses
this 10000 would go added in your drawings.
this 10000 would go added in your drawings.
O.D.SHARMA
(Expert)
24 May 2011
10,000+ out of 40,000-1250PM will also be taxable in your hand.
CA PARAS BAFNA
(Expert)
24 May 2011
In case expenses incurred for the treatment in a recognised or approved hospital, which are generally Govt. Hospitals,
and if the amount reimbursed is against the said expenses, Rs. 40000/ will be exempt.
In the present case, where it seems to be a reimbursement against medical bills, amount taxable in your hand would be Rs 25000/-.
i.e. 40000- allowable amount 15000/-.
and if the amount reimbursed is against the said expenses, Rs. 40000/ will be exempt.
In the present case, where it seems to be a reimbursement against medical bills, amount taxable in your hand would be Rs 25000/-.
i.e. 40000- allowable amount 15000/-.
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