I am working in private company and they are paying monthly Rs.1,000/- as a Medical Allowance, so I am getting Rs.12,000/- per year. Now how can I utilize that medical allowance in Tax point of view.
Ravi Babu A (Sr Accounts Expecutive) (24 Points)
25 January 2012I am working in private company and they are paying monthly Rs.1,000/- as a Medical Allowance, so I am getting Rs.12,000/- per year. Now how can I utilize that medical allowance in Tax point of view.
leeladhar
(apprentice)
(261 Points)
Replied 25 January 2012
Fixed Medical Allowance is always taxable.
CAclubindia
