My senior citizen Mom received medical reimbursement of 80000. Her total income after adding this 80000 is below 2.5 lacs. Does she have to file returns? I assume this is under "other sources " and taxable at 15%, amount is 65000. Right?
My senior citizen Mom received medical reimbursement of 80000. Her total income after adding this 80000 is below 2.5 lacs. Does she have to file returns? I assume this is under "other sources " and taxable at 15%, amount is 65000. Right?
| Originally posted by : Manoj Mehta | ||
 |
Dear brar in case of senior citizen slab is 2.5lakh so if your mum is below that then not to worry for filling of income tax return. But if any tds is deducted then file your return to claim the refund of the same. | Thanks. I have read on many sites that med reimb is treated differently. And taxed at 15% irrespective of tax slab, if amount is more than 15000. Can you confirm your advice? |
| Originally posted by : Manoj Mehta | ||
|
Dear brar in case of senior citizen slab is 2.5lakh so if your mum is below that then not to worry for filling of income tax return. But if any tds is deducted then file your return to claim the refund of the same. | Thanks. I have read on many sites that med reimb is treated differently. And taxed at 15% irrespective of tax slab, if amount is more than 15000. Can you confirm your advice? |
Mehtabhai, I think I saw info about the 15% tax at the IT site also. but, I have been unable to find the relevant link. Probably it related to previous year but I am certain I read it in more than 1 place.
but, I'll abide by your advice on this.
Panditji: from ex employer. this was a one off payment/ aid to all retiries of ongc. doctor prescripttion was provided. seems no tds was cut.
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