Taxing of medical reimbursement
This query is : Resolved
Jeyaraj Athisayam
(Querist)
15 October 2013
Hai,
XVII Medical Reimbursement by the employer exceeding Rs.15,000/- p.a. u/s 17(2) is to be taken as perquisite.
Kindly illustrate and explain, whether
(i) value of med exp is exempted?
(ii) reimbursement upto 15000 is exempted?
because, I have a case in hand, wherein, an employee after taking treatment for cancer in r/o his wife at a govt hospital at TVM has reimbursed the whole treatment for an amount of Rs. 2,09,000/- and above. now he says the whole amount is exempted from tax.
Is is possible/
Kindly clarify.
Jeyaraj
XVII Medical Reimbursement by the employer exceeding Rs.15,000/- p.a. u/s 17(2) is to be taken as perquisite.
Kindly illustrate and explain, whether
(i) value of med exp is exempted?
(ii) reimbursement upto 15000 is exempted?
because, I have a case in hand, wherein, an employee after taking treatment for cancer in r/o his wife at a govt hospital at TVM has reimbursed the whole treatment for an amount of Rs. 2,09,000/- and above. now he says the whole amount is exempted from tax.
Is is possible/
Kindly clarify.
Jeyaraj
15 October 2013
Hi,
Yes under this Medical Expenses are exempted upto Rs. 15000/-
However for specified diseases it is 100% exempt if treatment is taken in Govt. Hospitals/Specified Hospitals.
Thanks//VaibhavJ
Yes under this Medical Expenses are exempted upto Rs. 15000/-
However for specified diseases it is 100% exempt if treatment is taken in Govt. Hospitals/Specified Hospitals.
Thanks//VaibhavJ
15 October 2013
Pl refer: https://taxmantra.com/perquisite-in-respect-of-medical-treatment.html/
Thanks//VaibhavJ
Thanks//VaibhavJ
15 October 2013
Yes agreed with Vaibhav.
Jeyaraj Athisayam
(Querist)
15 October 2013
Thanks for the timely reply
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