Dear all,

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2016 We are providing Rs 2000 PM fixed medical allowance to one of the employee however this employee has provide us the medical insurance policy of 21678/- pls let me know should i give him benefit of 15000 as Medical reimbursement u/s 17(2) and remaining amount is to be taxable or should i give him the benefit of Rs. 21678/- u/s 80E, Thanx & Regard Rohit Chahar

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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06 June 2016 Fixed medical allowances is fully taxable not come under 17
you can consider Rs. 21678/- as medical policy premium u/s 80D not 80E.

Rupesh Jain

Rupesh Jain (Expert)
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06 June 2016 medical allowance will taxable under the income tax, you can give medial reimbursement upto Rs. 15000/- in year is not taxable. and ,medical policy will be deducted u./s 80D

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