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Medical Reimbursement - Previous and Current Employer

Tax queries 1299 views 3 replies

Parag

IC Design Engg

26 Points Posted on 30 December 2009

We know that Rs 15000/- is exempt from tax as medical reimbursement in a financial year. In my case, I joined my new job in May-09. I was unemployed in April-09. The question is, whether I can claim tax exemption for my medical bills dated April-09.

Is there any rule/clause which prevents my current employer from considering medical bills (for tax exemption) before I joined ?

My current employer pays a monthly medical reimbursement, and has capped the total medical reimbursement at approx 12000 for this financial year. Can I still claim the full tax expemption of 15000/- if I have the bills totalling to 15000 ?

Replies (3)

Amir

Learner

4016 Points Posted on 30 December 2009

Bro, if your New Employer is ready to reimburse the medical expenses of period prior to the date of your joining then THERE IS NOTHING IN INCOME TAX TO STOP YOU IN CLAIMING THE EXEMPTION...

Regarding your second query the maximun amount of exemption is Rs. 15,000/- but if aggregate of medical reimburements from employer is 12,000/- then only 12,000 acn be claimed as exemption...

In short 15,000 is the MAXIMUM AMOUNT, i:e

Lower of following will be EXEMPT:-

1) Rs. 15,000/-

2) Aggregate of Medical Reimbursments IN A FINANCIAL YEAR from ALL EMPLOYERS...