treatment of medical allowance
This query is : Resolved
13 July 2009
If my firm giving me medical allowance of Rs.18000. But i have spent for it Rs.7000. which amount will be taxable Rs.11000 (18000-7000) or Rs. 8000(15000-7000).
13 July 2009
hello!
Rs. 11000/- wil be taxable.
Rs. 11000/- wil be taxable.
13 July 2009
If its an Allowance, then it is fully taxable.
If it is an re-imbursement, then it will exempt to the extent of 15000/-.
If it is an re-imbursement, then it will exempt to the extent of 15000/-.
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