Medical insurance premium
This query is : Resolved
12 March 2010
I have this query when a peson being an individual pays medical insurance premium by account payee cheque then can get deduction u/s 80D. Further if this medical insurance premium is reimbursed by his employer...then will he get exemption under the proviso to Section 17(2) where such reimbursement is not a perk as well as deduction u/s 80D????/
12 March 2010
Med. reimbursement Exempted up to Rs15,000/-
13 March 2010
Medical insurace preimum reimbursed by the employer is exempted from tax and you may not claim the dedcutions for exempted incomes
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