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MEDICAL REMBURSHEMENT

This query is : Resolved 

04 December 2010 MY COMPANY PAY MEDICAL REMBURSHEMENT AGAINST (MEDICAL BILL PAYMENT )I WANT TO KNOW IS IT TAXABLE FOR ME & IT IS TAXABLE FOR COMPANY IN ANY ACT

04 December 2010 Reimbursement upto 15000/ is not taxable in your hands. Suppose your company reimburses Rs 45000/, Rs30000/ will be taxable allowance in your hands.

If payment or reimbursement is in your service agreement , amount reimbursed can be claimed as expense.

05 December 2010 Means company can claim the expense.

05 December 2010 company booked in accounts in medical remb. ( indirect exp. ) ( not claim in any )


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