Tds on wrlfare medical reimbursement to co,s employee
This query is : Resolved
shivaji .b.thakur
(Querist)
23 December 2014
sir good evening,sir i want know about tds on welfare medical reimbursemt to co employees ,by which it clause &LIABLE ON what amt,if any celling limit or not .Thanks sir
CMA Ramesh Krishnan
(Expert)
23 December 2014
Welfare expenses based on nature it will be taxable. Medical reimbursement exceeding Rs.15000 per annum is taxable in the hands of employee
CA Kumar Mukesh
(Expert)
24 December 2014
Agree with Mr. Ramesh opinion. It is truly based on provision of section 17 of Income Tax Act, 1961.
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