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Medical allowance under the head salary

Ankit (Professional) (82 Points)

04 July 2012

Hi All,

Please let me know if medical allowance can be deducted while preparing ITR-1 from Form 16, even if the bills are not submitted to the employer?

Thanks & Regards,

Ankit

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11 Replies

Ankit (CA, CS) (3064 Points)
Replied 04 July 2012

Originally posted by : Ankit
	Hi All, Please let me know if medical allowance can be deducted while preparing ITR-1 from Form 16, even if the bills are not submitted to the employer? Thanks & Regards, Ankit

I THINK. YOU CAN CLAIM UPTO 15000

CA.Varalakshmi.M (Manager-Finance) (482 Points)
Replied 04 July 2012

Fixed medical allowance is always taxable.

When there is any reimbursement of medical expenses already u have incurred ,they are exempted upto Rs.15000/- per year

Ankit (Professional) (82 Points)
Replied 04 July 2012

But if you provide the medical bills then we can get an exemption under Sec 17 (2)

CA.Varalakshmi.M (Manager-Finance) (482 Points)
Replied 04 July 2012

S ankit ur rite,if u provide the bills,exempted upto Rs.15000/-.P.A

Ankit (Professional) (82 Points)
Replied 04 July 2012

But my question is ... Is it mandatory to provide the bills to the employer ?

valji (Accounts manager-MBA) (2150 Points)
Replied 04 July 2012

yes it is

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 04 July 2012

MEDICAL ALLOWANCE IS TAXABLE

CA.Varalakshmi.M (Manager-Finance) (482 Points)
Replied 05 July 2012

Yes,It is manadatory to provide the medical bills to employer to get deduction of medical allowance.

CA.Varalakshmi.M (Manager-Finance) (482 Points)
Replied 05 July 2012

As per Act, Fixed medical allowence appears in pay slip is always taxable irrespective of wheather you have submitted bills or not and Wheather you have incurred any medical expenses or not

But in Practice to the benifit of employees ,employers are accepting bills from employees and they are showing it as an exemption Upto Rs.15000/- p.a just like medical reimbursement.It is just a practice not a rule.

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 05 July 2012

Originally posted by : M.Varalakshmi
	Fixed medical allowance is always taxable. When there is any reimbursement of medical expenses already u have incurred ,they are exempted upto Rs.15000/- per year

yes agree...