SEO Sai Gr. Hosp.
209980 Points
Joined July 2016
Its not fully- exempt........
Sub-section 17(2) (viii)(v)of the Income-tax Act, 1961, provides that any reimbursement against medical expenses to an employee by an employer up to R15,000 in a year is exempt from tax, irrespective of whether it has been claimed in part or full. However, only the amount for which proper bills are submitted or R15,000, whichever is less, will be considered for exemption.
Though finance bill 2018 has ammeded it which is effective from 01.04.2019.