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Taxability of mediclaim under it act 1961


ashwani (na)     21 August 2019

ashwani
na 
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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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Dhirajlal Rambhia (KVO Merau Kutchh)     21 August 2019

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

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Kapadia Pravin   21 August 2019

Kapadia Pravin

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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.

ashwani (na)     21 August 2019

ashwani
na 
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Thank you for replying instantly 

ashwani (na)     21 August 2019

ashwani
na 
 5 likes  140 points

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Thank you for replying instantly 


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