Tax Query

as far as the act say.. it says tht medical re-imbursement shud b 15000 in the previous... so according to me it shud b allowed to the extent of 15k...

confirm plz..!

You can Give Deduction of 15000/- as the madical reimbursment paid by company is 20000/- so the employee will get the deduction of 15000/-.

Hi All,

How Rs. 15000 will be the medical reimbursement.

Ankit & AshishSharma,

Your statement holds true if the resource is fresher (First employment)

But, If the resource is already employed in other company earlier and availed any amount (Rs. 15000 or less) towards medical reimbursement, he is entitled to get the eligibility for the rest of the amount only.

Good Luck!

agreed KK, but i told tht an employee can avail a max of 15k deduction in the previous year...

Right, Totaly Agreed with KK and Ankit

In this case the employee get 20000 in 5 months period. No clearance about the rest 7 months medical reimbursements.

So as concern to your company, deduction should be allowed for Rs. 6250/- only.

Dear Sir,

we had deducted excess tds on rent from the october to till date @ of 20% instead of 10% so whether it is adjustable or not, pary is claiming this amount, why you had deducted excess tds. 

so, please provide me the solution regarding this.

my mail address is  dk @ laxmiagro.com

Dear Frnd,

You can Adjust the access TDS paid

read this Link

https://www.simpletaxindia.org/2009/03/excess-tds-deposit-refund-vs-adjustment.html

Mr.Ashish sharma thanks for that post....Very usefullll....

Dear Parmod Agarwal - You can apply exemption of Rs. 15000/-

Dear DEEPAK KUMAR - Excess TDS can be adjusted in subsequent payment