Medical allowance paid to a senior citizen
This query is : Open
24 July 2016
Dear friends,
Please tell me whether the medical allowance paid to the senior citizen is fully taxable or deductible under section 80 D of the income tax act 1961.
Thanks in advance.
Regards
Gaurav
Please tell me whether the medical allowance paid to the senior citizen is fully taxable or deductible under section 80 D of the income tax act 1961.
Thanks in advance.
Regards
Gaurav
24 July 2016
The two are different. Medical allowance is fully taxable. Deduction u/s 80D will be allowed only If medical policy is taken by the assessee.
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