MEDICAL REMBURSHEMENT
This query is : Resolved
anil kumar
(Querist)
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
CA PARAS BAFNA
(Expert)
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.
If payment or reimbursement is in your service agreement , amount reimbursed can be claimed as expense.
CA PARAS BAFNA
(Expert)
05 December 2010
Means company can claim the expense.
anil kumar
(Querist)
05 December 2010
company booked in accounts in medical remb. ( indirect exp. ) ( not claim in any )
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