11 Replies
sabyasachi mukherjee
(27811 Points)
Replied 26 June 2022
Reimbursement of any expenses is not taxable under India income tax act.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 26 June 2022
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
Rohit
(Student Others)
(61 Points)
Replied 26 June 2022
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
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 26 June 2022
It's over and above standard deduction
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 26 June 2022
Reimbursement of expenses are not taxable , so there is no need of any deduction.
MPR Sanjay Kumar
(3145 Points)
Replied 26 June 2022
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?
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 26 June 2022
Which expenses and for which purpose
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 26 June 2022
Same is shown under Fixed Assets.
MPR Sanjay Kumar
(3145 Points)
Replied 26 June 2022
Which heads of income mam??? Expenditure ??? While filing return of income tax?
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 26 June 2022
Explain what you want to ask
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