MEDICAL REIMBURSEMENT FOR THE A.Y. 2022-23

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This discussion addresses whether a medical reimbursement of Rs. 123,000, equivalent to one month's basic pay, is fully taxable as a perquisite for a salaried employee for AY 2022-23. While generally taxable, there's an income tax exemption for employer-provided amounts specifically for COVID-19 treatment expenses incurred from FY 2019-20 onwards.

TARAK KUMAR ROY

TARAK KUMAR ROY (Querist)
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12 February 2022 One of my clients gets Rs. 123000/- as medical reimbursement i.e. one month of his basic pay in a year. Is it fully taxable under the head of perquisites? If it is not taxable - under what head it is not taxable. Kindly let me know your opinion. He is a salaried employee. Regards, TARAK KUMAR ROY, 150/1/1, Banerjee Para Road, P.O. Naihati-743165, west Bengal

TARAK KUMAR ROY

TARAK KUMAR ROY (Querist)
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12 February 2022 Kindly let me know your valuable opinion / direction for the question asked for today. Regards, Tarak Kumar Roy

TARAK KUMAR ROY

TARAK KUMAR ROY (Querist)
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13 February 2022 Kindly let me know your valuable opinion / direction for the question asked for. Regards, Tarak Kumar Roy

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 February 2022 As such it is taxable now. But ITD has provided an income tax exemption on the amount received from the employer towards the COVID-19 treatment. The treatment expenses from FY 2019-20 and onwards are allowed for such tax relief.

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