Exempt income

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34 Points Posted on 17 February 2020
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
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On 17 February 2020 at 22:18 Report
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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.

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17269 Points Posted on 18 February 2020
1. Taxable
2. No
3. Taxable under IFOS
1 Reply
On 18 February 2020 at 01:46
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34 Points Posted on 18 February 2020
2. is exempt under which section
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On 18 February 2020 at 08:19
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17269 Points Posted on 19 February 2020
2. Exempt bcoz it's capital receipt
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On 19 February 2020 at 00:47

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