Can company pay more than 20000/- in cash for Hospital Expneses to the hospital in case of Employee admitted. Also TDS is applicable on bill value which includes, Visit Fees, Room Charges, Consultation Fees, etc. etc.
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Hospital expensees paid for employee
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As per the provisions of section 40A(3), where the payment in cash exceed Rs. 20,000 subjecct to excpetions mentioned in Rule 6DD, it shall be disallowed. TDS @ 10% as per section 194J to be made towards fees for Professional services.
hospital expenses paid for employee are not part of P/L account but would get debited as part of salary to employee, so the treatment would go at par with salary account clubbed.
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