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Medical reimbursement rebate
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Reimbursement of any expenses is not taxable under India income tax act.
If it is part of gross salary as per regular payslips then it may be taxable but if it is one time reimbursement based on actual information then it is not taxable
I hv received Rs 60000 as medical reimbursement from psu How much tax rebate will I get on this amount.will it be covered under standard deduction or rebate will be in addition to that
Actually I submitted the medical bills for many months and got reimbursement at once in last financial year.
How much rebate i can claim in ITR and under which section if I am eligible
It's over and above standard deduction
Reimbursement of expenses are not taxable , so there is no need of any deduction.
Typically in income tax,suppose we are spend some expenses means how to show in income tax returns how expenditure as consideration in income tax?
Which expenses and for which purpose
For example if I purchased a Car Rs 2,00,000 ??
Same is shown under Fixed Assets.
Which heads of income mam??? Expenditure ??? While filing return of income tax?
Explain what you want to ask
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