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Reimbursement of medical exp. rs. 15000/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2011 As per IT Provision an exemption up to Rs. 15000/- is allowed while computing taxable income.Pls suggest what should we do for allowing deduction of Rs. 15000/- in form 16
1)We should obtain Medical bill of Rs 15k. or
2)we can just obtain a dec. from employee that he has incurred Med. Exp of Rs. 15k & produce the documents as & when ask by company. OR
3)Simply we can allow deduction of Rs. 15k without asking anything from employee.
pls suggest 1)what is best practice 2)Not best but can be accepted.
Thanks:
Raj
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 December 2011 Getting bills and allowing exemption is only the good practice
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