Medical reimbursement

Deduction for medical reimbursements can be claimed only if expense has actually been incurred and bills for the same are available.

Dear Rama Krishnan,

Maximum companies provide amount for medical reimbursements on monthly basis as a fixed amount generally Rs.1250 p.m. for which they seek medical bills and related documents before a specified period generally close to the end of financial year. Deduction for the same is allowed on satisfactory production of bills by the employee.