Dear Memebers,
Please offer your comments to the follwowing case study.............
A Govt company offeres attractive salary to its employees. As a part of its scheme it also reimburse the medical
expenses of its retired employees.
Mr. A retired from the said company 5 years ago. In the P.Y 2009-10 he receives the follwing sum of money frim the company:
a) Medical reimbursement of Rs. 565000.00
b) Monthly pension of Rs. 6000.00
Now the following issues emerges:
1) What is taxable under the head salary in the hand of Mr. A
2) What is the overall taxable position in this regard
3) Is company liable to deduct any tax at source
Kindly analyse the problenm and answer.
CAclubindia
