17 March 2011
I have deducted Medical premium for an employee from his salary and paid to insurance company
now he has incurred some amount for medical exp and got the reimbursement from insurance company
But it was routed through company
my Que is should i deduct TDS when i pay to him the reimbursement received from insurance company
is that amount is liable for income tax
should this be added as his taxable income since Medical exp reimb from company is excempt upto 15000/- should this be consider as medical reimbursement
CAclubindia
