Regarding medical reimburshmaent
This query is : Open
15 August 2014
Sir, My relative is working in bank , he got Rs. 251000/- from his employer for the treatment of heart problem. He was hospitalize for two days , after two days he back to his house. Again very next day he got
some problem and again he hospitalize and volve was replaced. Now question is this that his employer is saying to deposit the tax of Rs. 251000/- . Reason place by him that continuously you were not in hospital for three days. either my relative will get the exemption from tax or has to pay the tax.
Pls. help me as soon as .
some problem and again he hospitalize and volve was replaced. Now question is this that his employer is saying to deposit the tax of Rs. 251000/- . Reason place by him that continuously you were not in hospital for three days. either my relative will get the exemption from tax or has to pay the tax.
Pls. help me as soon as .
15 August 2014
Medical facility:
If provided in hospital maintain by employer, it is fully exempt.
If medical facility is taken in government hospital, local authority, medical reimbursement is fully exempt.
If medical facility is availed in any other hospital or approved hospital by chief commissioner , it is exempt up to Rs. 15000 per year.
The relative has to pay tax on remaining amount 236000(251000-15000).
No need to consider days of stay.
If provided in hospital maintain by employer, it is fully exempt.
If medical facility is taken in government hospital, local authority, medical reimbursement is fully exempt.
If medical facility is availed in any other hospital or approved hospital by chief commissioner , it is exempt up to Rs. 15000 per year.
The relative has to pay tax on remaining amount 236000(251000-15000).
No need to consider days of stay.
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?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- 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
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- 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 ?
Trending Online Classes
CAclubindia
