17 April 2009
The medical Alln is the part of salary as per the Company's policies,but it is not taxable if the employees give the medical bills upto Rs 15,000/- My query is if the employee incurs exps towards medical exps of his/her parents,on submission of such bills is he liable for deduction under medical alln.
17 April 2009
According to the deduction allowed while calculating income from salary includes
"any sum paid by the employer in respect of any expenditure acctually incurred by the employee on his medical treatment or treatment of any member of his family to the extent of fifteen thousand rupees"
therefore he is allowed the deduction for expenses made for treatment of his family members.
17 April 2009
Medical reimbursement is exempt upto 15000/- in a year if the amount is incurred other than in a specified hospital or for specified diseases for self, spouse and parents. Medical "allowance" received is fully taxable in the hands of employee.
CAclubindia
