Medical allowance

This query is : Resolved

ashutosh sharma (Querist)
Follow

26 March 2014 Dear Sir,

I received more than 15000 thousands medical allowance and submit the bill of my HR but they are saing that on your salary slip "Medical Allowance" is mentioned instead of Medical Reimbursement so this is taxable income whether you are submitting the bill or not ,please advise.
Thanks,
Ashutosh Sharma

Guest

Guest (Expert)

26 March 2014 Ya they are right..As per Income tax Act medical allowance are fully taxable but medical reimburments are exemted upto Rs 15000.

Message likes : 1 times

ashutosh sharma

ashutosh sharma (Querist)
Follow

26 March 2014 Dear Sir,
Thanks for reply,is there any way to save the tax on Medical Allowance?

Thanks,
Ashutosh Sharma

Upgrade to CAclubindia Pro. Subscribe Now!