Deduction from Salary income

This query is : Resolved

shamkant (Querist)
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30 December 2010 1) Is Kisan vikas patra deduction avaibale u/s 80C.

2) company open mediclaim policy for employee i.e cashless, can employee claim this benifit of Medical Bill of Rs.15000/- under Section 17(2)(v) of income tax. pls guide us

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 December 2010 1) No Tax benefits are available for investments in KVP under the Income Tax Act,1961.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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30 December 2010 1> Agreed with Mr. Warrier.

2> If the medical bills are paid by the employees.... They can claim the IT benefits upto15000/- per year.

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