Taxation
This query is : Resolved
14 October 2008
Good Evening Sir,
I want to know that if a person receives Medical Allowance of Rs.15000/- pa is that a Taxable Allowance.
(I am little confused because Medical FACILITY is not a Taxable Perquisite, is there any connection between Medical Allowance and Medical FACILITY)
I want to know that if a person receives Medical Allowance of Rs.15000/- pa is that a Taxable Allowance.
(I am little confused because Medical FACILITY is not a Taxable Perquisite, is there any connection between Medical Allowance and Medical FACILITY)
14 October 2008
The allowance refered by you is taxable as the same will be treated as Fixed Medical Allowance.
However medical reimbursement or incurred by employer is not taxable upto 15000 per a/y.
However medical reimbursement or incurred by employer is not taxable upto 15000 per a/y.
14 October 2008
continuing on the subject
medical facility--provided to employee or family member in a hospital maintained by employer.
medical allowance--in terms of money. If it is reimbursement,tax free upto 15000. Otherwise Sri Gaurav's view is correct.
medical facility--provided to employee or family member in a hospital maintained by employer.
medical allowance--in terms of money. If it is reimbursement,tax free upto 15000. Otherwise Sri Gaurav's view is correct.
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