Taxability of mediclaim under it act 1961



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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KVO Merau Kutchh

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


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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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Thank you for replying instantly 

 
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Thank you for replying instantly 

 
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