Medical Allowance
This query is : Resolved
29 November 2010
I want to know whether one can avail exemption of Rs.15000 PA towards Medical Expenses, if the company is paying him a fixed monthly Medical Allowance @Rs.10000 PM, as a part of Salary.Thanx in advance.
30 November 2010
If any employee received fixed medical allowance, which will fully taxable, but, if employee receives medical reimbursement after submitting medical bills, than exemption Rs.15,000/- amount limit will be applicable.
In view of above, Rs.10000/- medical allowance fully taxable.
In view of above, Rs.10000/- medical allowance fully taxable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
