Income tax

Tax queries 349 views 5 replies

Ilyas

Student

62 Points Posted on 14 May 2017

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.?

Replies (5)

rama krishnan

12244 Points Posted on 14 May 2017

yes but medical expenses to an extent of 30000 rs (inclusive of medical insurance and medical check up expenses) can be claimed under section 80D only if the assessee is very senior citizen.

Studentsca

CA Practice

3577 Points Posted on 14 May 2017

The limit under section 80D is Rs. 25,000/- and not 15,000/-. However if this is also short for you then you can claim extra Rs. 5,000/- as preventive health checkup and this 5,000/- can be paid in cash. So total amount would add up to Rs. 30,000/-.

S.K.Jha

student

265 Points Posted on 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.

Can the mediclaim expenditure paid by the employee be considered for medical reimbursement?

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 Posted on 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

12244 Points Posted on 16 June 2017

mr. Ilyas medical expenses can be claimed only in the case of very senior citizen and he/she shouldn't have mediclaim insurance or policy in their name