Taxability of mediclaim under it act 1961

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na
160 Points Posted on 21 August 2019

Respected Experts,

Kindly let me know that if we received mediclaim from insurance company in respect of medical expenses incurred by us is taxable?Where such medical insurance is provided by employer to its all employees.

 

Thanking you in advance

Ashwani

 

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On 21 August 2019 at 17:46 Report
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SEO Sai Gr. Hosp.
121543 Points Posted on 21 August 2019

Meclaim insurance claim is not taxable; but the premium paid by employer is a perquisite.

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On 21 August 2019 at 17:53
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10683 Points Posted on 21 August 2019
Receipt of claim money from insurance company is not taxable.
premium paid by employer will be according to Form 16 alongwith annexure issued by employer at the year end.
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On 21 August 2019 at 18:01
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na
160 Points Posted on 21 August 2019

Thank you for replying instantly 

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On 21 August 2019 at 19:26
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na
160 Points Posted on 21 August 2019

Thank you for replying instantly 

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On 21 August 2019 at 19:26

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