Medical Reimbursement, Form 16

TDS 4484 views 1 replies

Where can i show the Medical reimbursement in form 16? Rs.15000 was reimbursed to an employee (which is fully deduictible). please advice me. ASAP

Replies (1)

navin mavi ji,

you can download this form from google website.

Reimbursement of medical expenses upto Rs 15,000 is a tax free perquisite. it shown in the gross salary in form 16 and then allowed as a deduction or there is no need to include this in the gross and no question of deduction at all. If in gross then under which head :

salary under section 17(1)
value of perquisites under section 17(2)
profits in lieu of salary under section 17(3)
 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register