Medical Reimbursement
This query is : Resolved
19 August 2008
I have reseived medical reimbursement Rs.2150000/- and that amount has been added in my Income and issued me Form No. 16 after deducted Tax of Rs. 82000/- from my college. So now what can I di for refund the amount. In which section whole amount is exempted? Kindly send me proper reply urgently. thanks
Shrikant
Expert : anand
Posted On : 7/30/2008 9:08:05 PM
Medical reimbursement upto rs.15000 is exempt from tax. Under no section it is fully exempt .
Clarification-Reimbusement of medical expenses in a pvt.hospital is exempt upto 15000/- and "in govt.hospital, hospital of employer they are totally exempt".
Shrikant
Expert : anand
Posted On : 7/30/2008 9:08:05 PM
Medical reimbursement upto rs.15000 is exempt from tax. Under no section it is fully exempt .
Clarification-Reimbusement of medical expenses in a pvt.hospital is exempt upto 15000/- and "in govt.hospital, hospital of employer they are totally exempt".
20 August 2008
You have to say whether the expenditure involved is for hospitalisation.
20 August 2008
Means
20 August 2008
82000 of tax seems to be less for the expense of 21.50 lakhs. Confirm the amount
If your employer had directly paid to the hospital & if the hospital is approved by the chief commissioner, based on other conditions this may be exempted.
If your employer had directly paid to the hospital & if the hospital is approved by the chief commissioner, based on other conditions this may be exempted.
20 August 2008
Reimbusement of medical expenses in a pvt.hospital is exempt upto 15000/- and "in govt.hospital, hospital of employer they are totally exempt"
22 August 2008
Yes, i agree with Mr Wadhwani.
Reimbusement of medical expenses in a pvt.hospital is exempt upto 15000/-
But, in govt.hospital, hospital of employer they are totally exempted
Reimbusement of medical expenses in a pvt.hospital is exempt upto 15000/-
But, in govt.hospital, hospital of employer they are totally exempted
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
