banner_ad

Taxability of mediclaim under it act 1961

Tax queries 245 views 4 replies

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

 

Replies (4)

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

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.

Thank you for replying instantly 

Thank you for replying instantly 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details