24 April 2012
I am getting 15K as medical allowance as a component of gross salary. If i submit medical bills for this amount to the employer , can i claim deduction for this 15K? I am not paying any medical insurance premium
24 April 2012
medical bills reimbursement is non taxable upto Rs. 15K which does not means that you can take it as medical premium deductin
that makes difference
if you are getting Rs. 20000/- for medical bill reimbursement then Upto Rs. 15000/- is exempted from tax not count as deduction and other Rs. 5000/- will be add to your salary as taxable component
so medical reimbursement & medical premium both are different from each other
CAclubindia
