My client gets medical reimbursement of Rs.15000/- every year which is included in the salary. But his medical expenses is more then that in a year. So, can we show remaining medical expenses under sec.80D for deduction.?
Ilyas (Student) (62 Points)
14 May 2017My client gets medical reimbursement of Rs.15000/- every year which is included in the salary. But his medical expenses is more then that in a year. So, can we show remaining medical expenses under sec.80D for deduction.?
rama krishnan
(11990 Points)
Replied 14 May 2017
Studentsca
(CA Practice )
(3562 Points)
Replied 14 May 2017
S.K.Jha
(student)
(265 Points)
Replied 14 May 2017
Medical Reimbursement upto Rs.15,000 is exempted perquisite. An amount in excess of Rs. 15,000 should be added under the head ''SALARY'' i.e., excess amount is taxable.
Please note that the mediclaim premium paid is not considered as medical expenditure. Therefore, it cannot be considered for taking income tax exemption as medical reimbursement. Mediclaim premium paid can be taken as a income tax deduction u/s 80D separately.
Ilyas
(Student)
(62 Points)
Replied 15 May 2017
Assessee and his family is less than 60 years & parents are above 60 years of age. So, excess of rs. 500/- can be claimed under 80D
rama krishnan
(11990 Points)
Replied 16 June 2017
Alicia owens12
(EXECUTIVE)
(2 Points)
Replied 16 June 2022
Yes, however only if the assessee is a very old person may medical costs up to 30000 rs (inclusive of medical insurance and medical check-up charges) be claimed under section 80D. |
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