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 ?
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
CAclubindia
