Tax exemption on medical reimbursements
This query is : Open
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
- 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
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.
The treatment of these two item shall be same in the hand of recipient irrespective of the age of the individual.
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