Retirement benefits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2011
A company has a policy to give retirement benefits to its employees till 5 yrs. of their retirement.
Mr. X is retired and after 2 yrs., the company reimburses Rs.6Lacs for his medicle treatment.
what is the tax treatment for the company as well as for the employee.
Is there any TDS liability regarding the same?
Mr. X is retired and after 2 yrs., the company reimburses Rs.6Lacs for his medicle treatment.
what is the tax treatment for the company as well as for the employee.
Is there any TDS liability regarding the same?
Prakash Tolani
(Expert)
02 October 2011
it is taxable subject to
If treatment is done in any hospital
run by employer
run by govt.
in any approved hospital for specified desease
then it is taxfree otherwise taxable.
If treatment is done in any hospital
run by employer
run by govt.
in any approved hospital for specified desease
then it is taxfree otherwise taxable.
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