06 May 2016
Dear All,
kindly hepl me in Tds on salary..
i am worked at pvt ltd company and we are deduct TDS on salary of our some employee.. and we are giving him medical allowance 15000/- and employee also invest in 80D sepratly... so my quistion is that when i canculate the tds on salary that time, can i will less this two deduction or not ??? 80d and medical allowance.
06 May 2016
You have to less 80D deduction for medical premium but medical allowances is deductible u/s 17(2) if it is not given in fixed form only reimbursement upto Rs.15000/- is exempted.