Reimbursement for Medical Expenses upto Rs. 15000
This query is : Resolved
Raghavendra
(Querist)
07 January 2010
In light of abolition of FBT, does the tax exemption on reimbursement of Medical Expenses to the extent of Rs. 15,000, still continues or not?
Can we accept the submission of medical bills against this reimbursement and consider it as tax exempt while computing the Income Tax for salary ?
Thank you in advance for your support.
Raghu
Can we accept the submission of medical bills against this reimbursement and consider it as tax exempt while computing the Income Tax for salary ?
Thank you in advance for your support.
Raghu
Manish V. Khatri
(Expert)
07 January 2010
Yes it is eligble for deduction from salary till Rs.15,000 even though FBT has been abolished and for claiming the same employee has to submit the Medical Bill to his/her employer
CMA Ramesh Krishnan
(Expert)
07 January 2010
Still Medcial reimbursement Rs.15000 exemption allowable
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