Exempt income

following items will be taxable or not?

1. Medical expenses reimbursement

2. Accident Insurance claim rcd from employer

3. Interest received on amount in point 2
Replies (3)
Quick Summary
This discussion clarifies the taxability of various income types. It addresses whether medical expense reimbursements and accident insurance claims received from an employer are taxable. It also covers the tax treatment of interest earned on accident insurance payouts, differentiating between taxable income and exempt capital receipts.

1. Taxable
2. No
3. Taxable under IFOS
2. is exempt under which section
2. Exempt bcoz it's capital receipt

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