Medical claim

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Rajendra Singh (Querist)
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16 October 2012 Dear Sir,

What is the difference between Sec17(2) os Sec 80DDB & what is the maximum exemption limit of Medical claim for a business partner which is over 60 year old.

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)
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16 October 2012 Sec 17 deals with valuation of Perquisites.Thus the medical facility provided by the employer is taxable in some cases.viz.,any expenditure incurred or reimbursed by the employer for providing medical facility in INDIA is is NOT chargeable upto Rs.15,000/-.But Fixed medical allowance is taxable.Sectioin 80 DDB is for deduction in respect of Medical treatment subject to certain conditions.The deduction is either Rs.40,000/-( for senior citizens it is Rs.60,000/-)or actual expenditure incurred whichever is less.

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