Tax exemption on medical reimbursements

This query is : Open

Satish (Querist)
Follow

23 February 2012
- An employer reimburses:
1.- Medical expenses
2.- Medical Insurance premium

What are the exemptions available to the employee.under each head. What are the limits for senior citizens/others.
Satish

Yogesh Agarwal

Yogesh Agarwal (Expert)
Follow

23 February 2012 Medical expenses reimbursed up to 15000 is exempt and medical insurance premium paid by an employer is taxable as perquisite.

The treatment of these two item shall be same in the hand of recipient irrespective of the age of the individual.

Message likes : 1 times

Satish

Satish (Querist)
Follow

23 February 2012
IS DEDUCTION 80D NOT APPLICABLE?

Upgrade to CAclubindia Pro. Subscribe Now!