Medical reimbursement procedure
This query is : Resolved
Tapas Debnath
(Querist)
23 October 2009
Company salary break up are just like these: Basic,Hra,T.A, and Others.
Now if I show Rs. 1250.00 (maximum) paid to the employees as medical reimbursement as others, will it be allowe by the I.Tax
Now if I show Rs. 1250.00 (maximum) paid to the employees as medical reimbursement as others, will it be allowe by the I.Tax
CA SANJAY MUKHERJEE
(Expert)
23 October 2009
Yes it's allowable but don't show as fixed allowance in pay slip for every month.
Take perodical bills for medical expenses incurred( Doctor's fees,medicine bill,diagonistics etc) and reimburse periodically upto maximum 15,000 per annum.
If it's a fixed allowance it will be taxable.
Take perodical bills for medical expenses incurred( Doctor's fees,medicine bill,diagonistics etc) and reimburse periodically upto maximum 15,000 per annum.
If it's a fixed allowance it will be taxable.
Tapas Debnath
(Querist)
23 October 2009
Soppose, someone getting Basic Rs.17670, HRA Rs. 9009, T.A. Rs. 5199 and Other Rs.2772. Total Rs. 34650.per month.
Out of Rs. 2772 x 12 = Rs.33264 if I show Rs. 15000 (maximum) as medical reimbursement within a year will it be allowable?
Out of Rs. 2772 x 12 = Rs.33264 if I show Rs. 15000 (maximum) as medical reimbursement within a year will it be allowable?
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